Domo's Earnings: Beating Expectations or Following the Slowdown?

Domos upcoming earnings announcement on Thursday is anticipated to show flat revenue of around seventy-nine million dollars and a small adjusted loss of five cents per share, suggesting a slowdown from last years performance. However, Domo has a history of outperforming Wall Streets revenue estimates, beating expectations by an average of almost two percent over the past two years. Meanwhile, some competitors have seen significant revenue growth, while the broader data analytics sector has underperformed recently. Domos stock price has dropped by twenty percent in the last month, heading into earnings with an average analyst price target higher than its current share price.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.