ON24 Inc expected to post earnings of 2 cents a share - Earnings Preview

Reuters
02-22
ON24 Inc <ontf.n> expected to post earnings of 2 cents a share - Earnings Preview </ontf.n>
  • ON24 Inc ONTF.N, ONTF.K is expected to show a fall in quarterly revenue when it reports results on February 25 for the period ending December 31 2024

  • The San Francisco California-based company is expected to report a 8.8% decrease in revenue to $35.871 million from $39.34 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on November 7 2024, for the period ended December 31, was for revenue between 35.40 million and 36.40 million.

  • ​LSEG's mean analyst estimate for ON24 Inc is for earnings of 2 cents per share. The company's EPS guidance on November 7 2024, for the period ended December 31, was between 0.01 and 0.02

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for ON24 Inc is $7.00​, above​ its last closing price of $6.35. ​​​

The company's guidance on November 7 2024 for the period ended December 31 was for Earnings before Interest and Taxes between -1.3 million and -300 thousand.The company's guidance on November 7 2024 for the period ended December 31 was for gross profit margin between 75% and 78%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

0.00

0.00

0.02

Beat

8,100

Jun. 30 2024

0.01

0.01

0.03

Beat

190.4

Mar. 31 2024

-0.01

-0.01

0.02

Beat

300​

Dec. 31 2023

0.02

0.02

0.06

Beat

300

​​Sep. 30 2023

0.00

0.00

0.03

Beat

17,547.1

Jun. 30 2023

0.00

0.00

0.04

Beat

2,447.8​

Mar. 31 2023

-0.07

-0.07

-0.04

Beat

42.4

Dec. 31 2022

-0.09

-0.09

-0.04

Beat

53.6

This summary was machine generated February 21 at 21:12 GMT. 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)

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