ON24 (NYSE:ONTF) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
ON24 beat estimated earnings by 18.75%, reporting an EPS of $-0.13 versus an estimate of $-0.16.
Revenue was down $1.61 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 12.37% drop in the share price the next day.
Here's a look at ON24's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | -0.08 | 0.01 | |
| EPS Actual | -0.03 | -0.03 | 0.04 | 0.05 |
| Revenue Estimate | 51.66M | 48.03M | 51.03M | 48.85M |
| Revenue Actual | 52.03M | 49.36M | 52.12M | 50.10M |
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 $-0.64 and $-0.58 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.
