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

ON24

03/08/2024 24:16

* ON24 Inc  ONTF.N   ONTF.K  is expected to show a fall in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The San Francisco California-based  company is expected to
report a 14.0% decrease in revenue to $36.197 million from
$42.09 million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
35.80 million and 36.80 million.
    * ​LSEG's mean analyst estimate for ON24 Inc is for earnings
of 1
cent per share. The company's EPS guidance on May 7 2024, for
the period ended June 30, was between 0.00 and 0.02 
    * 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
$8.50​, above​ its last closing price of $5.99. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest and Taxes between -1.7
million and -700 thousand.The company's guidance on May 7 2024
for the period ended June 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of of 0.The company's
guidance on May 7 2024 for the period ended June 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  
 Mar. 31 2024  -0.01       -0.01      0.02      Beat    300
 Dec. 31 2024  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.        -0.07       -0.07      -0.04     Beat    42.4
 31 2023                                                
 Jan. 1 0001   -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
 This summary was machine generated August 2 at 23:16 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)