ON24 (ONTF) Tops Q4 Earnings and Revenue Estimates

Group 1: Earnings Performance - ON24 reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, representing an earnings surprise of 200% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - Revenue for the quarter ended December 2024 was $36.68 million, surpassing the Zacks Consensus Estimate by 2.64%, although it decreased from $39.34 million year-over-year [2] Group 2: Stock Performance and Outlook - ON24 shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The future performance of ON24's stock will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $34.05 million, and $0.07 on revenues of $138.9 million for the current fiscal year [7] Group 3: Industry Context - The Internet - Software industry, to which ON24 belongs, is currently ranked in the top 28% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact ON24's stock performance [5]