Onestream (NASDAQ:OS) Issues 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 Performance

Onestream stock traded down $1.09 during mid-day trading on Friday, hitting $32.34. The company’s stock had a trading volume of 1,688,117 shares, compared to its average volume of 617,432. Onestream has a twelve month low of $24.50 and a twelve month high of $35.17. The firm’s fifty day simple moving average is $30.81.

Analyst Upgrades and Downgrades

OS has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on shares of Onestream from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Friday. Raymond James upped their price target on Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday. Baird R W upgraded Onestream to a “strong-buy” rating in a research report on Thursday, August 1st. Bank of America upped their target price on Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Citigroup started coverage on shares of Onestream in a report on Monday, August 19th. They set a “neutral” rating and a $34.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.00.

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.