ON24: Q2 Earnings Insights - ON24 (NYSE:ONTF)

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.

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.

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).

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.