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Domo, Inc. (DOMO) Dips More Than Broader Markets: What You Should Know

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Domo, Inc. (DOMO - Free Report) closed at $36.46 in the latest trading session, marking a -1.35% move from the prior day. This change lagged the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 0.16%.

Coming into today, shares of the company had lost 6.55% in the past month. In that same time, the Computer and Technology sector gained 3.11%, while the S&P 500 gained 2.07%.

Wall Street will be looking for positivity from DOMO as it approaches its next earnings report date.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$4.02 per share and revenue of $173.74 million. These totals would mark changes of +51.62% and +21.95%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for DOMO. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DOMO is holding a Zacks Rank of #2 (Buy) right now.

The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow DOMO in the coming trading sessions, be sure to utilize Zacks.com.


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