Onestream (NASDAQ:OS) Releases Q4 2024 Earnings Guidance

Onestream (NASDAQ:OS) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.010-0.030 for the period, compared to the consensus 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 %

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. The business has a 50 day moving average of $30.81. Onestream has a 12 month low of $24.50 and a 12 month high of $35.17.

Analyst Upgrades and Downgrades

OS has been the topic of several research analyst reports. Robert W. Baird boosted their price objective on Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. began coverage on Onestream in a report on Monday, August 19th. They set an “overweight” rating and a $30.00 price target on the stock. BMO Capital Markets started coverage on Onestream in a research note on Monday, September 23rd. They set an “outperform” rating and a $38.00 target price on the stock. Needham & Company LLC raised their target price on shares of Onestream from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley assumed coverage on shares of Onestream in a report on Monday, August 19th. They issued an “equal weight” rating and a $29.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.