Forge Global Holdings Inc expected to post a loss of 12 cents a share - Earnings Preview

Forge Global Holdings

04/05/2024 03:11

* Forge Global Holdings Inc  FRGE.N   FRGE.K  is expected
to show
a rise in quarterly revenue when it reports  results on May 7
for the period ending March 31 2024
    * The San Francisco California-based  company is expected to
report a 23.9% increase in revenue to $19.182 million from
$15.48 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 12 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 $1.95.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.09       -0.10      -0.15     Missed  -43.5
 Sep. 30 0001  -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.        -0.15       -0.15      -0.15     Met     -2.3
 31 2022                                                
 Sep. 30 2022  -0.14       -0.14      -0.12     Beat    14.3​
                                      -0.20             
 This summary was machine generated May 4 at 02:11 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)