ON24 Inc reports results for the quarter ended December 31 - Earnings Summary

• ON24 Inc ONTF.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 2 cents per share.

• Revenue fell 6.8% to $36.68 million from a year ago; analysts expected $35.87 million.

• ON24 Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $8.87 million.

• ON24 Inc shares had fallen by 5.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for ON24 Inc is $7.00

This summary was machine generated from LSEG data February 26 at 01:04 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)