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

ON24

09/08/2023 07:57

* ON24 Inc  ONTF.N  reported quarterly adjusted earnings of
4
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for breakeven
results per share.
    * Revenue fell 12.8% to $42.09 million from a year ago;
analysts
expected $41.47 million. 
    * ON24 Inc's reported EPS for the quarter was a loss of 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 47.7%
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 fallen by 2.1% this quarter and
gained 6.7%
so far this year.
    * The company reported a quarterly loss of $12.85 million.
    * Wall Street's median 12-month price target for ON24 Inc is
$9.00
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 06:57 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.00           0.04           Beat
 Mar. 31 2023      -0.07          -0.04          Beat
 Dec. 31 2022      -0.09          -0.04          Beat
 Sep. 30 2022      -0.16          -0.07          Beat