Data visualization and business intelligence company Domo (NASDAQ:DOMO) will be reporting earnings tomorrow after the bell. Here’s what to look for. Domo beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $78.77 million, down 1.8% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ billings estimates and EPS guidance for next quarter exceeding analysts’ expectations. Is Domo a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Domo’s revenue to decline 3% year on year to $77.68 million, a deceleration from its flat revenue in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.Domo Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Domo has missed Wall Street’s revenue estimates twice over the last two years. Looking at Domo’s peers in the data analytics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Palantir delivered year-on-year revenue growth of 39.3%, beating analysts’ expectations by 2.5%, and Amplitude reported revenues up 10.1%, in line with consensus estimates. Palantir traded down 12.2% following the results while Amplitude was up 11.1%. Read our full analysis of Palantir’s results here and Amplitude’s results here. There has been positive sentiment among investors in the data analytics segment, with share prices up 23.7% on average over the last month. Domo is up 27.3% during the same time and is heading into earnings with an average analyst price target of $10.50 (compared to the current share price of $8.68). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. View Comments
Domo (DOMO) Reports Earnings Tomorrow: What To Expect
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