Domo (DOMO) Reports Q2 Loss, Tops Revenue Estimates

Group 1 - Domo reported a quarterly loss of $0.07 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.28, representing an earnings surprise of 75% [1] - The company posted revenues of $78.41 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 3.02%, although this is a decrease from $79.67 million in the same quarter last year [2] - Domo shares have underperformed, losing about 25.1% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$0.25 on revenues of $78.15 million, and for the current fiscal year, it is -$0.95 on revenues of $314.37 million [7] - The Zacks Industry Rank for Internet - Software is currently in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Group 3 - Domo has surpassed consensus EPS estimates two times over the last four quarters and has topped consensus revenue estimates four times during the same period [2] - The estimate revisions trend for Domo is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]