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 (EPS) guidance of 0.060-0.080 for the period, compared to the consensus 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 Performance

Shares of NASDAQ OS traded down $1.09 during midday trading on Friday, reaching $32.34. 1,688,117 shares of the company traded hands, compared to its average volume of 617,432. The business’s 50-day moving average price is $30.81. Onestream has a 12 month low of $24.50 and a 12 month high of $35.17.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OS. Wolfe Research began coverage on shares of Onestream in a research note on Monday, August 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Needham & Company LLC lifted their price objective on Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen started coverage on Onestream in a report on Monday, August 19th. They set a “buy” rating and a $34.00 target price on the stock. BMO Capital Markets began coverage on Onestream in a report on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price target for the company. Finally, Truist Financial reissued a “buy” rating and set a $37.00 price objective (up previously from $35.00) on shares of Onestream in a report on Wednesday, September 4th. Two investment 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’s stock. Based on data from MarketBeat, the stock 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.