Onestream (NASDAQ:OS) Releases FY 2024 Earnings Guidance

Onestream (NASDAQ:OS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.060-0.080 for the period, compared to the consensus EPS 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 Price Performance

OS stock traded down $1.09 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. The firm’s 50 day simple moving average is $30.81. Onestream has a 1 year low of $24.50 and a 1 year high of $35.17.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on OS shares. Guggenheim raised their price objective on shares of Onestream from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. TD Cowen began coverage on Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $34.00 price objective for the company. Wolfe Research assumed coverage on Onestream in a research note on Monday, August 19th. They set an “outperform” rating and a $32.00 price target for the company. BTIG Research assumed coverage on shares of Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Robert W. Baird raised their price target on Onestream from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday. Two research 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 stock. According to data from MarketBeat, the stock presently 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.