ON24 Inc expected to post a loss of 1 cent a share - Earnings Preview

ON24

04/05/2024 03:07

* ON24 Inc  ONTF.N   ONTF.K  is expected to show a fall in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The San Francisco California-based  company is expected to
report a 14.1% decrease in revenue to $37.003 million from
$43.06 million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
22 2024, for the period ended March 31, was for revenue between
36.50 million and 37.50 million.
    * ​LSEG's mean analyst estimate for ON24 Inc is for a loss
of 1
cent per share. The company's EPS guidance on February 22 2024,
for the period ended March 31, was between -0.02 and 0.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ON24 Inc is
$9.00​, above​ its last closing price of $6.61. ​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between -2.7
million and -1.7 million.The company's guidance on February 22
2024 for the period ended March 31 was for gross profit margin
between 74% and 76%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.02        0.02       0.06      Beat    300
 Sep. 30 2023  0.00        0.00       0.03      Beat    17,547
                                                        .1
 Jun. 30 2023  0.00        0.00       0.04      Beat    2,447.
                                                        8​
 Mar. 31 2023  -0.07       -0.07      -0.04     Beat    42.4
 ​​Dec.        -0.09       -0.09      -0.04     Beat    53.6
 31 2022                                                
 Sep. 30 2022  -0.15       -0.16      -0.07     Beat    55​
 Jan. 1 0001   -0.16       -0.16      -0.14     Beat    13.4
 Jan. 1 0001   -0.16       -0.16      -0.13     Beat    17
 This summary was machine generated May 4 at 02:07 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)