Forge Global Holdings Inc expected to post a loss of 10 cents a share - Earnings Preview

Forge Global Holdings

22/03/2024 20:42

* Forge Global Holdings Inc  FRGE.N   FRGE.K  is expected
to show
a rise in quarterly revenue when it reports  results on March 26
for the period ending December 31 2023
    * The San Francisco California-based  company is expected to
report a 16.3% increase in revenue to $19.571 million from
$16.82 million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Forge Global Holdings
Inc is
for a loss of 10 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Forge
Global
Holdings Inc is $3.25​, above​ its last closing price of $2.06.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.11       -0.10      -0.11     Missed  -6.5
 Jun. 30 2023  -0.11       -0.11      -0.14     Missed  -24.8
 Mar. 31 2023  -0.14       -0.14      -0.12     Beat    16.1​
 Dec. 31 2022  -0.15       -0.15      -0.15     Met     -2.3
 ​​Sep.        -0.14       -0.14      -0.12     Beat    14.3
 30 2022                                                
                                      -0.20             ​
 This summary was machine generated March 22 at 20:42 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)