Earnings Preview: ON24
Portfolio Pulse from Benzinga Insights
ON24 (NYSE:ONTF) is scheduled to release its quarterly earnings report on February 22, 2024, with analysts estimating an EPS of $0.01. The company's past earnings performance shows a mixed record of beating and missing EPS estimates, with share price reactions varying accordingly. Shares of ON24 were trading at $8.05 as of February 20, 2024, reflecting a 21.43% decline over the last 52 weeks. Investors are likely focused on both the earnings outcome and the company's future guidance.
February 21, 2024 | 7:01 pm
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ON24 is expected to report an EPS of $0.01 for the latest quarter, with past performance showing mixed results. Shares have declined 21.43% over the last year, indicating bearish sentiment among long-term shareholders.
Given ON24's mixed history of beating and missing EPS estimates, the short-term impact on its stock price is uncertain. However, the company's guidance for future growth could significantly influence investor sentiment. The 21.43% decline in share price over the past year suggests a bearish outlook, but positive guidance could potentially reverse this trend.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100