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DOMO Gears Up to Report Q4 Earnings: What's in the Cards?
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Domo (DOMO - Free Report) is set to report fourth-quarter fiscal 2021 results on Mar 11.
For the quarter, Domo expects revenues between $53.3 million and $54.3 million. Non-GAAP net loss is expected between 42 cents and 46 cents per share.
The Zacks Consensus Estimate for fourth-quarter loss has been steady at 44 cents per share over the past 30 days. The company had reported a loss of 85 cents in the year-ago quarter.
The consensus mark for revenues stands at $53.8 million, indicating an increase of 16.5% from the year-ago reported figure.
Notably, Domo beat the Zacks Consensus Estimate in the past four quarters, delivering an earnings surprise of 21.4%, on average.
Let’s see how things have shaped up for this announcement.
Factors to Watch
Domo’s fourth-quarter results are expected to reflect resilient subscription-based business model amid the coronavirus pandemic. The top line is expected to have benefited from its new platform-based pricing model.
Markedly, subscriptions increased 24% year over year and accounted for 87.4% of the company’s third-quarter revenues. The momentum is expected to have continued in the to-be-reported quarter.
Domo has also benefited from the ongoing digital transformation of businesses and work-from-home wave. Additionally, the company’s expanding service offerings, based on a solid partner base, is a key catalyst. Moreover, expanded partnership with the likes of Snowflake (SNOW - Free Report) is another key catalyst.
Markedly, during the to-be-reported quarter, Domo achieved Premier status in Snowflake’s Partner Connect Program.
Further, Domo’s expanding clientele, particularly enterprise customers, are expected to have driven the top line in the to-be-reported quarter. Notably, at the end of the third quarter, 59% of customers were on multi-year contracts.
However, the bottom line is expected to have been hurt by modest sequential increase in operating expenses particularly due to addition in sales headcount in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Domo has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a couple of companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
FedEx (FDX - Free Report) has an Earnings ESP of +2.72% and carries a Zacks Rank of 2, at present.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
DOMO Gears Up to Report Q4 Earnings: What's in the Cards?
Domo (DOMO - Free Report) is set to report fourth-quarter fiscal 2021 results on Mar 11.
For the quarter, Domo expects revenues between $53.3 million and $54.3 million. Non-GAAP net loss is expected between 42 cents and 46 cents per share.
The Zacks Consensus Estimate for fourth-quarter loss has been steady at 44 cents per share over the past 30 days. The company had reported a loss of 85 cents in the year-ago quarter.
The consensus mark for revenues stands at $53.8 million, indicating an increase of 16.5% from the year-ago reported figure.
Notably, Domo beat the Zacks Consensus Estimate in the past four quarters, delivering an earnings surprise of 21.4%, on average.
Domo, Inc. Price and EPS Surprise
Domo, Inc. price-eps-surprise | Domo, Inc. Quote
Let’s see how things have shaped up for this announcement.
Factors to Watch
Domo’s fourth-quarter results are expected to reflect resilient subscription-based business model amid the coronavirus pandemic. The top line is expected to have benefited from its new platform-based pricing model.
Markedly, subscriptions increased 24% year over year and accounted for 87.4% of the company’s third-quarter revenues. The momentum is expected to have continued in the to-be-reported quarter.
Domo has also benefited from the ongoing digital transformation of businesses and work-from-home wave. Additionally, the company’s expanding service offerings, based on a solid partner base, is a key catalyst. Moreover, expanded partnership with the likes of Snowflake (SNOW - Free Report) is another key catalyst.
Markedly, during the to-be-reported quarter, Domo achieved Premier status in Snowflake’s Partner Connect Program.
Further, Domo’s expanding clientele, particularly enterprise customers, are expected to have driven the top line in the to-be-reported quarter. Notably, at the end of the third quarter, 59% of customers were on multi-year contracts.
However, the bottom line is expected to have been hurt by modest sequential increase in operating expenses particularly due to addition in sales headcount in the to-be-reported quarter.
What Our Model Indicates
Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Domo has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are a couple of companies worth considering as our model shows that these have the right combination of elements to beat on earnings this reporting cycle:
Micron (MU - Free Report) has an Earnings ESP of +5.16% and currently flaunts a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FedEx (FDX - Free Report) has an Earnings ESP of +2.72% and carries a Zacks Rank of 2, at present.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>