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ON24, Inc. (ONTF) has seen a positive revision in earnings estimates, driving a 7.6% increase in share price over the past four weeks. Analysts have expressed optimism about the company’s earnings outlook, leading to a Zacks Consensus Estimate for the current quarter of $0.02 per share, a decrease of 66.7% from the prior year, but up 11.77% based on recent upward revisions.
For the full year, ON24 is expected to earn $0.06 per share, reflecting a 53.9% decline from the previous year’s earnings. However, recent revisions show a positive trend, with one estimate moving higher in the last month, contributing to a 6.06% increase in the consensus estimate.
Currently, ON24 holds a Zacks Rank of #2 (Buy), indicating strong agreement among analysts about the company’s potential. Historical data shows that stocks with Zacks Rank #1 (Strong Buy) and #2 (Buy) have outperformed the S&P 500.
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