Domo Sees FY24 Adj. EPS $(0.28)-$(0.24) Vs $(0.44) Est.; Revenue $317.8M-$318.8M Vs $317.6M Est.
Portfolio Pulse from Benzinga Newsdesk
Domo, Inc. has provided guidance for FY24 with an adjusted EPS range of $(0.28)-$(0.24), which is an improvement over the estimated $(0.44). The company also forecasts revenue to be between $317.8M and $318.8M, slightly above the estimated $317.6M.
November 30, 2023 | 9:16 pm
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POSITIVE IMPACT
Domo, Inc. anticipates a better-than-expected FY24 with adjusted EPS and revenue forecasts surpassing analyst estimates, which could lead to positive investor sentiment.
Domo's guidance for FY24 suggests a significant improvement in adjusted EPS compared to estimates, which is likely to be viewed positively by investors. The slight increase in revenue forecast also indicates growth, potentially leading to a short-term uptick in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100