ON24 Sees Q3 Adj. EPS $(0.01)-$0.01 vs $0 Est., Total Revenue $35M-$36M vs $35.24M Est.; Sees FY24 Adj. EPS $0.05-$0.08 vs $0.05 Est., Total Revenue $145M-$147.8M vs $145.08M Est.
Portfolio Pulse from Benzinga Newsdesk
ON24 has provided its Q3 and FY24 financial guidance. For Q3, the company expects an adjusted EPS between $(0.01) and $0.01, compared to the estimated $0, and total revenue between $35M and $36M, compared to the estimated $35.24M. For FY24, ON24 anticipates an adjusted EPS between $0.05 and $0.08, in line with the estimated $0.05, and total revenue between $145M and $147.8M, compared to the estimated $145.08M.
August 06, 2024 | 9:29 pm
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POSITIVE IMPACT
ON24's Q3 guidance shows a potential slight miss on EPS but a slight beat on revenue. FY24 guidance aligns with EPS estimates and slightly exceeds revenue estimates.
The Q3 guidance indicates a potential slight miss on EPS but a slight beat on revenue, which could be seen as mixed but slightly positive. The FY24 guidance aligns with EPS estimates and slightly exceeds revenue estimates, which is generally positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100