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

ON24

07/08/2024 08:21

* ON24 Inc  ONTF.N  reported quarterly adjusted earnings of
3
cents​​ per share for the quarter ended in June, lower 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 one cent per share. Wall Street expected
results to range from zero cents to 2 cents per share.
    * Revenue fell 11.3% to $37.35 million from a year ago;
analysts
expected $36.20 million. 
    * ON24 Inc's reported EPS for the quarter was a loss of 27
cents​.
    * The company reported a quarterly loss of $11.18 million.
    * ON24 Inc shares had fallen by 3.3% this quarter and
lost 26.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $8.50
This summary was machine generated from LSEG data August 7 at
07:21 a.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
 Jun. 30 2024      0.01           0.03           Beat
 Mar. 31 2024      -0.01          0.02           Beat
 Dec. 31 2023      0.02           0.06           Beat
 Sep. 30 2023      0.00           0.03           Beat