Recap: ON24 Q4 Earnings
Portfolio Pulse from Benzinga Insights
ON24 (NYSE:ONTF) reported Q4 earnings with an EPS of $0.06, surpassing estimates by 500% but with a revenue decrease of $7.23M from the previous year. The company has a history of beating EPS estimates, leading to a share price increase the following day.
February 22, 2024 | 9:45 pm
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POSITIVE IMPACT
ON24 reported a significant EPS beat for Q4, with a 500% increase over estimates, but saw a decrease in revenue compared to last year.
The substantial beat on EPS estimates is likely to positively impact investor sentiment and potentially lead to a short-term increase in ONTF's share price, similar to the past pattern observed after earnings beats. However, the decrease in revenue year-over-year introduces caution, potentially moderating the positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100