Onestream (NASDAQ:OS) Updates FY 2024 Earnings Guidance

Onestream (NASDAQ:OS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.060-0.080 for the period, compared to the consensus earnings per share estimate of -0.020. The company issued revenue guidance of $484.0 million-$486.0 million, compared to the consensus revenue estimate of $478.6 million. Onestream also updated its Q4 2024 guidance to 0.010-0.030 EPS.

Onestream Stock Up 5.2 %

OS traded up $1.65 during trading hours on Thursday, reaching $33.43. 1,061,362 shares of the company’s stock traded hands, compared to its average volume of 625,887. The company’s 50-day moving average price is $30.72. Onestream has a 52-week low of $24.50 and a 52-week high of $35.17.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OS shares. Truist Financial reissued a “buy” rating and issued a $37.00 price objective (up from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. JPMorgan Chase & Co. began coverage on Onestream in a report on Monday, August 19th. They set an “overweight” rating and a $30.00 price objective on the stock. Piper Sandler upped their target price on Onestream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, September 4th. Scotiabank started coverage on Onestream in a research note on Monday, August 19th. They set a “sector outperform” rating and a $34.00 price target on the stock. Finally, Baird R W upgraded Onestream to a “strong-buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.31.

About Onestream

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.