Needham Maintains Buy on Domo, Raises Price Target to $111
Needham analyst Jack Andrews maintains Domo (NASDAQ:DOMO) with a Buy and raises the price target from $93 to $111.
Recap: Domo Q2 Earnings
Shares of Domo (NASDAQ:DOMO) decreased 5.0% in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share rose 18.92% over the past year to ($0.30), which beat the estimate of ($0.36).
Domo Sees Q3 Adj. EPS $(0.37)-$(0.33) vs $(0.37) Est., Sales $63.5M-$64.5M vs $63.42M Est.; Sees FY22 Adj. EPS $(1.39)-$(1.31) vs $(1.34) Est., Sales $252M-$256M vs $250.96M Est.
Business Outlook
Based on information available as of August 26, 2021, Domo is providing the following guidance for its third fiscal quarter and full year fiscal 2022:
Q3 Fiscal 2022
Revenue is
Domo Q2 Adj. EPS $(0.30) Beats $(0.36) Estimate, Sales $62.80M Beat $60.85M Estimate
Domo (NASDAQ:DOMO) reported quarterly losses of $(0.30) per share which beat the analyst consensus estimate of $(0.36) by 16.67 percent. This is a 18.92 percent increase over losses of $(0.37) per share from the same
Stocks That Hit 52-Week Highs On Thursday
Before 10 a.m. ET on Thursday, 91 companies hit new 52-week highs.
Earnings Scheduled For August 26, 2021
Companies Reporting Before The Bell
• Gambling.com Gr (NASDAQ:GAMB) is likely to report quarterly earnings at $0.07 per share on revenue of $10.38 million.
Domo’s Earnings: A Preview
Domo (NASDAQ:DOMO) announces its next round of earnings this Thursday, August 26. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement.
Stocks That Hit 52-Week Highs On Wednesday
Before 10 a.m. ET on Wednesday, 124 companies hit new 52-week highs.
Morgan Stanley Maintains Overweight on Domo, Raises Price Target to $91
Morgan Stanley maintains Domo (NASDAQ:DOMO) with a Overweight and raises the price target from $83 to $91.