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

Forge Global Holdings

07/08/2024 23:38

* Forge Global Holdings Inc  FRGE.N  reported a quarterly
adjusted
loss of 8 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -14 cents.  The mean expectation of six analysts
for the quarter was for a loss of 11 cents per share. Wall
Street expected results to range from -12 cents to -11 cents per
share.
    * Revenue rose 33.3% to $22.28 million from a year ago;
analysts
expected $20.40 million. 
    * Forge Global Holdings Inc's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $13.72 million.
    * Forge Global Holdings Inc shares had fallen by 16.4% this
quarter and lost 64.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% 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." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is  "hold."

Wall Street's median 12-month price target for Forge Global
Holdings Inc is $3.25 
This summary was machine generated from LSEG data August 7 at
10:38 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
 Jan. 1 0001       -0.11          -0.08          Beat
 Mar. 31 2024      -0.12          -0.10          Beat
 Dec. 31 2023      -0.10          -0.15          Missed
 Sep. 30 2023      -0.10          -0.11          Missed