The upcoming report from Onestream (OS) is expected to reveal quarterly earnings of $0.05 per share, indicating a decline of 28.6% compared to the year-ago period. Analysts forecast revenues of $157.16 million, representing an increase of 18.6% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Onestream metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Professional services and other' will reach $6.60 million. The estimate indicates a year-over-year change of -4.5%.
The average prediction of analysts places 'Revenues- Subscription' at $146.25 million. The estimate suggests a change of +23.3% year over year.
Analysts predict that the 'Revenues- License' will reach $3.94 million. The estimate indicates a change of -43.4% from the prior-year quarter.
The consensus estimate for 'Customers' stands at 1,797 . Compared to the current estimate, the company reported 1,600 in the same quarter of the previous year.
Analysts' assessment points toward 'Gross Profit- Software' reaching $113.10 million. The estimate compares to the year-ago value of $94.66 million.
View all Key Company Metrics for Onestream here>>>
Onestream shares have witnessed a change of -0.6% in the past month, in contrast to the Zacks S&P 500 composite's -1% move. With a Zacks Rank #3 (Hold), OS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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OneStream, Inc. (OS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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