Onestream (NASDAQ:OS) Issues Q4 2024 Earnings Guidance

Onestream (NASDAQ:OS) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.010-0.030 for the period, compared to the consensus earnings per share estimate of 0.010. The company issued revenue guidance of $127.0 million-$129.0 million, compared to the consensus revenue estimate of $126.6 million. Onestream also updated its FY 2024 guidance to 0.060-0.080 EPS.

Onestream Trading Down 3.3 %

Shares of OS traded down $1.09 during mid-day trading on Friday, reaching $32.34. The company had a trading volume of 1,688,117 shares, compared to its average volume of 617,432. The business’s 50 day moving average price is $30.81. Onestream has a 1-year low of $24.50 and a 1-year high of $35.17.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OS. Raymond James lifted their price target on shares of Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday. Bank of America lifted their target price on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Robert W. Baird increased their price target on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets started coverage on Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price objective on the stock. Finally, Citigroup started coverage on shares of Onestream in a research report on Monday, August 19th. They set a “neutral” rating and a $34.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Onestream Company Profile

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.