Recap: Domo Q3 Earnings

Domo DOMO reported its Q3 earnings results on Thursday, December 2, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Domo beat estimated earnings by 5.88%, reporting an EPS of $-0.32 versus an estimate of $-0.34, which did not surprise analysts.

Revenue was up $11,436,000.00 from the same period last year.

Last quarter the company beat on EPS by $0.06, which was followed by a 8.36% drop in the share price the next day.

Here's a look at Domo's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	-0.36	-0.43	-0.43	-0.44
EPS Actual	-0.30	-0.26	-0.32	-0.40
Revenue Estimate	60.85M	57.49M	54.04M	51.76M
Revenue Actual	62.83M	60.06M	56.84M	53.65M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Domo management provided guidance for their next quarter, expecting earnings between $-0.37 and $-0.33 per share for the nextquarter.

This represents a -9.37% in quarter-over-quarter growth for Domo, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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