Earnings Release: Here's Why Analysts Cut Their ON24, Inc. (NYSE:ONTF) Price Target To US$7.67 [Yahoo! Finance]
ON24, Inc. (ONTF)
Company Research
Source: Yahoo! Finance
The early response was not positive, with shares down 5.0% to US$5.88 in the past week. Revenues of US$37m beat expectations by a respectable 3.2%, although statutory losses per share increased. ON24 lost US$0.27, which was 23% more than what the analysts had included in their models. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. View our latest analysis for ON24 After the latest results, the consensus from ON24's six analysts is for revenues of US$146.3m in 2024, which would reflect a noticeable 4.8% decline in revenue compared to the last year of performance. Losses are forecast to narrow 9.4% to US$0.94 per share. Before this earnings announcement, the analysts had been modelling revenues of US$145.1m and lo
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News
- Here's Why We're Not At All Concerned With ON24's (NYSE:ONTF) Cash Burn Situation [Yahoo! Finance]Yahoo! Finance
- ON24 Announces Date for Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Sales And Marketing Software Stocks Q2 In Review: ON24 (NYSE:ONTF) Vs Peers [Yahoo! Finance]Yahoo! Finance
- Estimating The Intrinsic Value Of ON24, Inc. (NYSE:ONTF) [Yahoo! Finance]Yahoo! Finance
- ON24 Study Finds AI is Key to Scale Personalization in B2B Sales and MarketingBusiness Wire
ONTF
Earnings
- 8/6/24 - Beat
ONTF
Sec Filings
- 10/31/24 - Form 4
- 10/29/24 - Form 144
- 10/18/24 - Form 4
- ONTF's page on the SEC website