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

ON24

06/11/2024 14:36

* ON24 Inc  ONTF.N   ONTF.K  is expected to show a fall in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The San Francisco California-based  company is expected to
report a 9.2% decrease in revenue to $35.609 million from $39.22
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on August 6
2024, for the period ended September 30, was for revenue between
35.00 million and 36.00 million.
    * ​LSEG's mean analyst estimate for ON24 Inc is for
breakeven
results per share. The company's EPS guidance on August 6 2024,
for the period ended September 30, was about -0.01
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"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
$8.00​, above​ its last closing price of $6.12. ​​​

The company's guidance on August 6 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
-2.3 million and -1.3 million.The company's guidance on August 6
2024 for the period ended September 30 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  
 Jun. 30 2024  0.01        0.01       0.03      Beat    190.4
 Mar. 31 2024  -0.01       -0.01      0.02      Beat    300
 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.        0.00        0.00       0.04      Beat    2,447.
 30 2023                                                8
 Mar. 31 2023  -0.07       -0.07      -0.04     Beat    42.4​
 Dec. 31 2022  -0.09       -0.09      -0.04     Beat    53.6
 Sep. 30 2022  -0.15       -0.16      -0.07     Beat    55
 This summary was machine generated November 6 at 14:36 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)