Domo (DOMO) Reports Q3 Loss, Tops Revenue Estimates

Company Performance - Domo reported a quarterly loss of $0.08 per share, better than the Zacks Consensus Estimate of a loss of$0.15, representing an earnings surprise of 46.67% [1] - The company posted revenues of $79.76 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 3.31$79.68 million year-over-year [2] - Over the last four quarters, Domo has surpassed consensus EPS estimates two times and topped revenue estimates four times [2] Future Outlook - The immediate price movement of Domo's stock will depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is -$0.16 on revenues of$77.51 million, and for the current fiscal year, it is -$0.71 on revenues of$313.23 million [8] - The estimate revisions trend for Domo is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Internet - Software industry, to which Domo belongs, is currently in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]