Domo Expects Q3 Revenue Of $77M - $78M, Est $76.96M; Adj EPS Of $(0.14) - $(0.18), Est $(0.16)
Portfolio Pulse from Benzinga Newsdesk
Domo anticipates Q3 revenue between $77M and $78M, slightly above the estimated $76.96M. The adjusted EPS is expected to range from $(0.14) to $(0.18), aligning closely with the estimated $(0.16).
August 29, 2024 | 8:20 pm
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POSITIVE IMPACT
Domo's Q3 revenue forecast of $77M-$78M exceeds estimates, while adjusted EPS is in line with expectations. This suggests a positive revenue outlook but consistent earnings performance.
Domo's revenue forecast surpasses market expectations, which is typically a positive indicator for stock performance. The EPS range aligns with estimates, suggesting stable earnings. The combination of higher revenue and stable earnings could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100