Recap: Domo Q3 Earnings
Portfolio Pulse from Benzinga Insights
Domo (NASDAQ:DOMO) reported Q3 earnings with an EPS of $0.0, missing the estimated $-0.12. Revenue increased by $649 thousand year-over-year. Despite beating EPS estimates last quarter, DOMO's share price fell by 35.8% the following day. Historical earnings data shows mixed performance in meeting EPS estimates.
November 30, 2023 | 9:30 pm
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NEGATIVE IMPACT
Domo's Q3 earnings missed EPS estimates significantly, which could lead to negative investor sentiment and potential share price decline in the short term.
Domo's miss on EPS estimates is likely to concern investors, especially considering the substantial share price drop following the last earnings beat. The pattern suggests that even meeting or exceeding estimates does not guarantee a positive market reaction, and a miss could exacerbate negative sentiment. However, the increase in revenue may provide some cushion to the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100