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

ON24

10/08/2022 06:30

* ON24 Inc  ONTF.N  reported a quarterly adjusted loss of 14
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue fell 7.4% to $48.24 million from a year ago;
analysts
expected $47.27 million. 
    * ON24 Inc's reported EPS for the quarter was a loss of 34
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * ON24 Inc shares had risen by 8.9% this quarter and
lost 40.5% so
far this year.
    * The company reported a quarterly loss of $16.21 million.
    * Wall Street's median 12-month price target for ON24 Inc is
$12.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 10
at 05:30 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.16          -0.14          Beat
 Mar. 31 2022      -0.16          -0.13          Beat
 Dec. 31 2021      -0.09          -0.03          Beat
 Sep. 30 2021      -0.08          -0.03          Beat