ON24 Inc expected to post a loss of 7 cents a share - Earnings Preview

ON24

06/05/2023 03:08

* ON24 Inc  ONTF.N   ONTF.K  is expected to show a fall in
quarterly revenue when it reports  results on May 9. 
    * The San Francisco California-based  company is expected to
report  a 12.8% decrease in revenue to $42.294 million from
$48.49 million a year ago, according to the mean estimate from 7
analysts, based on Refinitiv data. The company's guidance on
February 28 2023, for the period ended March 31, was for revenue
between $42.00 million and $43.00 million.
    * ​Refinitiv's mean analyst estimate for ON24 Inc is for a
loss
of 7 cents per share. The company's EPS guidance on February 28
2023, for the period ended March 31, was between $-0.08 and
$-0.06 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 11.0%
in the last three months. ​
    * Wall Street's median 12-month price target for ON24 Inc is
$9​,
above​ its last closing price of $8.65. ​​​

The company's guidance on February 28 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD-5.4 million and USD-4.4 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -0.09       -0.09      -0.04     Beat    53.6
 Sep. 30 2022  -0.15       -0.16      -0.07     Beat    55
 Jun. 30 2022  -0.16       -0.16      -0.14     Beat    13.4​
 Mar. 31 2022  -0.16       -0.16      -0.13     Beat    17
 ​​Dec.        -0.09       -0.09      -0.03     Beat    66.8
 31 2021                                                
 Sep. 30 2021  -0.08       -0.08      -0.03     Beat    63.9​
 Jun. 30 2021  0.00        0.00       0.04      Beat    2,697.
                                                        2
 Mar. 31 2021  0.01        0.01       0.05      Beat    640.7
 This summary was machine generated May 6 at 02:07 GMT.  All
figures in US dollars  unless otherwise stated