ON24 (ONTF - Free Report) reported $37.73 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 12.4%. EPS of $0.02 for the same period compares to -$0.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $37 million, representing a surprise of +1.97%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being -$0.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ON24 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annualized Recurring Revenue (ARR): $136.50 million versus the two-analyst average estimate of $134.87 million.
- Revenue- Professional services: $2.90 million compared to the $2.82 million average estimate based on three analysts. The reported number represents a change of -21.7% year over year.
- Revenue- Subscription and other platform: $34.83 million versus the three-analyst average estimate of $33.65 million. The reported number represents a year-over-year change of -11.5%.
View all Key Company Metrics for ON24 here>>>Shares of ON24 have returned -3.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
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ON24 (ONTF - Free Report) reported $37.73 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 12.4%. EPS of $0.02 for the same period compares to -$0.04 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $37 million, representing a surprise of +1.97%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being -$0.02.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ON24 performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Annualized Recurring Revenue (ARR): $136.50 million versus the two-analyst average estimate of $134.87 million.
- Revenue- Professional services: $2.90 million compared to the $2.82 million average estimate based on three analysts. The reported number represents a change of -21.7% year over year.
- Revenue- Subscription and other platform: $34.83 million versus the three-analyst average estimate of $33.65 million. The reported number represents a year-over-year change of -11.5%.
View all Key Company Metrics for ON24 here>>>Shares of ON24 have returned -3.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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