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 (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 %

NASDAQ OS traded down $1.09 on Friday, hitting $32.34. 1,688,117 shares of the stock traded hands, compared to its average volume of 617,432. The company has a 50-day moving average price of $30.81. Onestream has a twelve month low of $24.50 and a twelve month high of $35.17.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OS. Wolfe Research assumed coverage on shares of Onestream in a research report on Monday, August 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Raymond James upped their target price on Onestream from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial restated a “buy” rating and set a $37.00 price objective (up previously from $35.00) on shares of Onestream in a research report on Wednesday, September 4th. Scotiabank boosted their target price on Onestream from $34.00 to $35.00 and gave the stock a “sector outperform” rating in a research report on Friday. Finally, Loop Capital began coverage on Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $35.00 price objective for the company. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Onestream 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.