ON24 Inc expected to post breakeven results a share - Earnings Preview

ON24

05/08/2023 03:06

* ON24 Inc  ONTF.N   ONTF.K  is expected to show a fall in
quarterly revenue when it reports  results on August 8. 
    * The San Francisco California-based  company is expected to
report  a 14.0% decrease in revenue to $41.472 million from
$48.24 million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ON24 Inc is for
breakeven
results per share. The company's EPS guidance on June 6 2023,
for the period ended June 30, was about USD0
    * 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for ON24 Inc is
$9​,
above​ its last closing price of $8.28. ​​​

The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD-2.4
million and USD-1.8 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  
 Mar. 31 2023  -0.07       -0.07      -0.04     Beat    42.4
 Dec. 31 2023  -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.        -0.16       -0.16      -0.13     Beat    17
 31 2022                                                
 Dec. 31 2021  -0.09       -0.09      -0.03     Beat    66.8​
 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
 This summary was machine generated August 5 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated