廣告
香港股市 已收市
  • 恒指

    18,475.92
    +268.79 (+1.48%)
     
  • 國指

    6,547.29
    +110.20 (+1.71%)
     
  • 上證綜指

    3,104.82
    -8.22 (-0.26%)
     
  • 滬深300

    3,604.39
    -19.52 (-0.54%)
     
  • 美元

    7.8120
    -0.0013 (-0.02%)
     
  • 人民幣

    0.9264
    +0.0003 (+0.03%)
     
  • 道指

    38,725.15
    +499.49 (+1.31%)
     
  • 標普 500

    5,133.98
    +69.78 (+1.38%)
     
  • 納指

    16,183.96
    +343.00 (+2.17%)
     
  • 日圓

    0.0508
    +0.0002 (+0.47%)
     
  • 歐元

    8.4106
    +0.0327 (+0.39%)
     
  • 英鎊

    9.8020
    +0.0100 (+0.10%)
     
  • 紐約期油

    78.37
    -0.58 (-0.73%)
     
  • 金價

    2,308.80
    -0.80 (-0.03%)
     
  • Bitcoin

    61,810.66
    +2,724.68 (+4.61%)
     
  • CMC Crypto 200

    1,343.35
    +66.38 (+5.20%)
     

Compared to Estimates, ON24 (ONTF) Q4 Earnings: A Look at Key Metrics

ON24 (ONTF) reported $39.34 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 15.5%. EPS of $0.06 for the same period compares to -$0.04 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $37.29 million, representing a surprise of +5.50%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.02.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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.

廣告

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): $139.70 million versus $135.97 million estimated by two analysts on average.

  • Revenue- Professional services: $3.59 million compared to the $2.78 million average estimate based on two analysts. The reported number represents a change of -21% year over year.

  • Revenue- Subscription and other platform: $35.75 million compared to the $34.51 million average estimate based on two analysts. The reported number represents a change of -14.9% year over year.

View all Key Company Metrics for ON24 here>>>

Shares of ON24 have returned +3% over the past month versus the Zacks S&P 500 composite's +3.1% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ON24, Inc. (ONTF) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research