ON24 Expects FY24 Total Revenue Of $143M-$147M (Est $147.399M), Adj EPS Of $0.02-$0.05, Est $0.05
Portfolio Pulse from Benzinga Newsdesk
ON24 projects its FY24 total revenue to be between $143M-$147M, slightly below the estimated $147.399M. The company also forecasts an adjusted EPS of $0.02-$0.05, aligning with the lower end of the estimated $0.05.
February 22, 2024 | 10:13 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
ON24's FY24 revenue projection slightly misses analyst estimates, with an adjusted EPS forecast at the lower end of expectations.
The slight miss in revenue projections compared to analyst estimates and the adjusted EPS forecast being at the lower end of expectations could lead to a negative short-term impact on ON24's stock price. Investors often react to earnings forecasts, especially when they do not meet or exceed analyst expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100