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Earnings To Watch: Domo (DOMO) Reports Q3 Results Tomorrow

DOMO Cover Image

Data visualization and business intelligence company Domo (NASDAQ:DOMO) will be reporting earnings tomorrow after the bell. Here’s what you need to know.

Domo beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $78.41 million, down 1.6% year on year. It was a strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

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 2.7% year on year to $77.55 million, a deceleration from its flat revenue in the same quarter last year. Adjusted loss is expected to come in at -$0.15 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 a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 1.6% on average.

Looking at Domo’s peers in the data analytics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Health Catalyst delivered year-on-year revenue growth of 3.5%, meeting analysts’ expectations, and Palantir reported revenues up 30%, topping estimates by 3.1%. Health Catalyst traded up 7.5% following the results while Palantir was also up 23.4%.

Read our full analysis of Health Catalyst’s results here and Palantir’s results here.

There has been positive sentiment among investors in the data analytics segment, with share prices up 16.8% on average over the last month. Domo is up 18.3% during the same time and is heading into earnings with an average analyst price target of $9.80 (compared to the current share price of $9.77).

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