ON24 (NYSE:ONTF – Get Free Report) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect ON24 to post earnings of ($0.02) per share for the quarter. ON24 has set its FY 2024 guidance at 0.020-0.050 EPS and its Q1 2024 guidance at -0.020-0.000 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
ON24 (NYSE:ONTF – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.25). ON24 had a negative net margin of 31.63% and a negative return on equity of 18.49%. The business had revenue of $39.34 million for the quarter, compared to analysts’ expectations of $37.29 million. During the same period in the previous year, the business earned ($0.23) earnings per share. On average, analysts expect ON24 to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
ON24 Price Performance
Shares of ONTF stock opened at $6.61 on Friday. ON24 has a 1-year low of $5.73 and a 1-year high of $9.55. The company has a market cap of $276.50 million, a P/E ratio of -5.76 and a beta of 0.49. The stock’s 50-day moving average is $6.85 and its 200 day moving average is $7.12.
Insider Transactions at ON24
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group dropped their price objective on shares of ON24 from $10.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, February 23rd.
Get Our Latest Analysis on ONTF
ON24 Company Profile
ON24, Inc provides a cloud-based intelligent engagement platform that enables businesses to convert customer engagement into revenue through interactive webinar, virtual event, and multimedia content experiences worldwide. The company provides ON24 Elite, for live and interactive webinar experience; ON24 Breakouts, for live breakout room experience that facilitates networking, collaboration, and interactivity between users; ON24 Forums, for live and interactive experience, which facilitates video-to-video interaction between presenters and audiences; ON24 Go Live, for live and interactive video event experience that enables presenters and attendees to engage face-to-face in real-time; and ON24 Virtual Confrence, for live and large scale managed virtual event experience.
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