Domo, Inc. (DOMO - Free Report) closed at $36.39 in the latest trading session, marking a -1.09% move from the prior day. This move lagged the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.54%, while the tech-heavy Nasdaq lost 0.41%.
Prior to today's trading, shares of the company had lost 1.55% over the past month. This has lagged the Computer and Technology sector's loss of 0.49% and the S&P 500's loss of 0.43% in that time.
DOMO will be looking to display strength as it nears its next earnings release.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$4.02 per share and revenue of $173.74 million, which would represent changes of +51.62% and +21.95%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DOMO. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. DOMO is currently a Zacks Rank #2 (Buy).
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.