Domo (DOMO) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Domo despite lower revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - Domo is expected to report a quarterly loss of $0.20 per share, reflecting a year-over-year change of +39.4% [3]. - Revenues are projected to be $77.84 million, down 2.8% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 2.38% lower in the last 30 days, indicating a bearish sentiment among analysts [4]. - The Most Accurate Estimate for Domo is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.50% [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from consensus estimates, with positive readings being more predictive of earnings beats [6][7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically produced positive surprises nearly 70% of the time [8]. Historical Performance - Domo has beaten consensus EPS estimates three out of the last four quarters, with a notable surprise of +72.22% in the last reported quarter [12][13]. Conclusion - Domo does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors before making investment decisions [16].