Onestream (NASDAQ:OS) Issues Q4 2024 Earnings Guidance

Onestream (NASDAQ:OS) updated its fourth quarter 2024 earnings guidance on Thursday. 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 Stock Down 3.3 %

NASDAQ OS traded down $1.09 on Friday, hitting $32.34. 1,688,117 shares of the company were exchanged, compared to its average volume of 617,432. Onestream has a 1-year low of $24.50 and a 1-year high of $35.17. The firm’s 50 day simple moving average is $30.81.

Analyst Ratings Changes

Several analysts have recently commented on OS shares. TD Cowen initiated coverage on shares of Onestream in a research note on Monday, August 19th. They set a “buy” rating and a $34.00 price target on the stock. Piper Sandler increased their price objective on Onestream from $34.00 to $37.00 and gave the company an “overweight” 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. Scotiabank raised their price target on Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a report on Friday. Finally, Bank of America lifted their price objective on Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a research 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 stock. According to MarketBeat.com, Onestream has a consensus rating of “Moderate Buy” and an average target price 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.