Onestream (NASDAQ:OS) Updates Q4 2024 Earnings Guidance

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

Onestream stock traded down $1.09 during midday trading on Friday, hitting $32.34. 1,688,117 shares of the stock were exchanged, compared to its average volume of 617,432. The firm has a fifty day moving average price of $30.81. Onestream has a 52 week low of $24.50 and a 52 week high of $35.17.

Analyst Upgrades and Downgrades

OS has been the topic of several recent research reports. Morgan Stanley assumed coverage on Onestream in a research note on Monday, August 19th. They issued an “equal weight” rating and a $29.00 price target on the stock. JPMorgan Chase & Co. started coverage on Onestream in a research note on Monday, August 19th. They issued an “overweight” rating and a $30.00 target price on the stock. Piper Sandler raised their price target on shares of Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday. Bank of America boosted their price objective on shares of Onestream from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Robert W. Baird raised their target price on shares of Onestream from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.