ON24 Inc expected to post breakeven results a share - Earnings Preview

• ON24 Inc ONTF.N, ONTF.K is expected to show a fall in quarterly revenue when it reports results on November 7 for the period ending September 30 2024

• The San Francisco California-based company is expected to report a 9.2% decrease in revenue to $35.609 million from $39.22 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on August 6 2024, for the period ended September 30, was for revenue between 35.00 million and 36.00 million.

• ​LSEG's mean analyst estimate for ON24 Inc is for breakeven results per share. The company's EPS guidance on August 6 2024, for the period ended September 30, was about -0.01

• 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 $8.00​, above​ its last closing price of $6.12. ​​​

The company's guidance on August 6 2024 for the period ended September 30 was for Earnings before Interest and Taxes between -2.3 million and -1.3 million.The company's guidance on August 6 2024 for the period ended September 30 was for gross profit margin between 74% and 76%.

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

This summary was machine generated November 6 at 14:36 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)