ON24 Inc reports results for the quarter ended in September 30 - Earnings Summary

• ON24 Inc ONTF.N reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of five analysts for the quarter was for breakeven results per share. Wall Street expected results to range from -1 cents to 1 cents per share.

• Revenue fell 7.4% to $36.33 million from a year ago; analysts expected $35.61 million.

• ON24 Inc's reported EPS for the quarter was a loss of 27 cents​.

• The company reported a quarterly loss of $11.41 million.

• ON24 Inc shares had risen by 8.3% this quarter and lost 15.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 50% 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," 5 "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 8.00

This summary was machine generated from LSEG data November 8 at 04:15 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)