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ON24: Q2 Earnings Insights – Benzinga

ByBenzinga Insights

Aug 9, 2022
ON24: Q2 Earnings Insights - Benzinga

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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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Image and article originally from www.benzinga.com. Read the original article here.