ON24 Expects Q1 Total Revenue Of $36.5M-$37.5M (Est $36.16M), Adj EPS Of $(0.02)-$0.00, Est $(0.02)
Portfolio Pulse from Benzinga Newsdesk
ON24 projects its Q1 total revenue to be between $36.5M and $37.5M, surpassing the estimated $36.16M. The company also forecasts its adjusted EPS to range from $(0.02) to $0.00, aligning with the estimated $(0.02).
February 22, 2024 | 10:11 pm
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ON24 expects Q1 revenue to exceed estimates with a range of $36.5M-$37.5M and an adjusted EPS of $(0.02)-$0.00, in line with expectations.
ON24's projection of higher-than-expected revenue for Q1 suggests a positive outlook, likely leading to a short-term positive impact on its stock price. The adjusted EPS being in line with estimates further stabilizes investor confidence, reinforcing the positive score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100