OneStream Sees Q3 EPS $(0.01)-$0.01 Vs $(0.03) Est.; FY25 EPS $(0.05)-$0.01 Vs $(0.02) Est.
Portfolio Pulse from Benzinga Newsdesk
OneStream has provided its financial guidance for Q3 2024 and FY 2024, projecting a slight improvement in EPS compared to estimates. The company expects Q3 revenue between $123M and $125M and FY 2024 revenue between $476M and $480M. Non-GAAP operating margins are expected to be slightly negative.
September 03, 2024 | 8:10 pm
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POSITIVE IMPACT
OneStream's Q3 2024 EPS guidance of $(0.01)-$0.01 is better than the estimated $(0.03), indicating potential positive sentiment. Revenue guidance is also strong, suggesting stable performance.
The improved EPS guidance compared to estimates suggests a potential positive impact on OneStream's stock price. The revenue guidance indicates stable performance, which could further support investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100