ON24 Inc reports results for the quarter ended in December - Earnings Summary

ON24

23/02/2024 14:47

* ON24 Inc  ONTF.N  reported quarterly adjusted earnings of
6
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -4
cents.  The mean expectation of six analysts for the quarter was
for earnings of 2 cents per share. Wall Street expected
results to range from 1 cents to 2 cents per share.
    * Revenue fell 15.5% to $39.34 million from a year ago;
analysts
expected $37.25 million. 
    * ON24 Inc's reported EPS for the quarter was a loss of 24
cents​.
    * The company reported a quarterly loss of $9.88 million.
    * ON24 Inc shares had fallen by 2.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for ON24 Inc is $9.00
This summary was machine generated from LSEG data February 23 at
02:46 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.02           0.06           Beat
 Sep. 30 2023      0.00           0.03           Beat
 Jun. 30 2023      0.00           0.04           Beat
 Mar. 31 2023      -0.07          -0.04          Beat