Forge Global Holdings Inc reports results for the quarter ended in December - Earnings Summary

Forge Global Holdings

26/03/2024 21:42

* Forge Global Holdings Inc  FRGE.N  reported a quarterly
adjusted
loss of 15 cents​​ per share for the quarter ended in December,
identical to the same quarter last year.  The mean expectation
of six analysts for the quarter was for a loss of 10 cents per
share. Wall Street expected results to range from -12 cents
to -8 cents per share.
    * Revenue rose 13.3% to $19.06 million from a year ago;
analysts
expected $19.57 million. 
    * Forge Global Holdings Inc's reported EPS for the quarter
was a
loss of 15 cents​.
    * The company reported a quarterly loss of $25.8 million.
    * Forge Global Holdings Inc shares had fallen by 21.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Forge
Global
Holdings Inc is $3.25 

This summary was machine generated from LSEG data March 26 at
09:42 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.10          -0.15          Missed
 Sep. 30 2023      -0.10          -0.11          Missed
 Jun. 30 2023      -0.11          -0.14          Missed
 Mar. 31 2023      -0.14          -0.12          Beat