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

ON24

10/05/2023 16:29

* ON24 Inc  ONTF.N  reported a quarterly adjusted loss of 4
cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 7 cents per share.
    * Revenue fell 11.2% to $43.06 million from a year ago;
analysts
expected $42.29 million. 
    * ON24 Inc's reported EPS for the quarter was a loss of 37
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * ON24 Inc shares had fallen by 1.8% this quarter and
lost 0.3% so
far this year.
    * The company reported a quarterly loss of $17.59 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 May
10 at 03:29 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.07          -0.04          Beat
 Dec. 31 2022      -0.09          -0.04          Beat
 Sep. 30 2022      -0.16          -0.07          Beat
 Jun. 30 2022      -0.16          -0.14          Beat