ON24 ONTF reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
ON24 beat estimated earnings by 12.5%, reporting an EPS of $-0.14 versus an estimate of $-0.16.
Revenue was down $3.88 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 4.64% drop in the share price the next day.
Here’s a look at ON24’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.16 | -0.09 | -0.08 | |
| EPS Actual | -0.13 | -0.03 | -0.03 | 0.04 |
| Revenue Estimate | 47.76M | 51.66M | 48.03M | 51.03M |
| Revenue Actual | 48.49M | 52.03M | 49.36M | 52.12M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
ON24 management provided guidance for FY 2022, expecting earnings between $-0.57 and $-0.51 per share.
To track all earnings releases for ON24 visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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