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

Forge Global Holdings

10/05/2023 24:13

* Forge Global Holdings Inc  FRGE.N  reported a quarterly
adjusted
loss of 12 cents​​ per share for the quarter ended in March. The
mean expectation of five analysts for the quarter was for a loss
of 14 cents per share.
    * Revenue was $15.48 million​; analysts expected $17.19
million. 
    * Forge Global Holdings Inc's reported EPS for the quarter
was a
loss of 12 cents​.
    * The mean earnings estimate of analysts had fallen by
about 40.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Forge Global Holdings Inc shares had fallen by 14.9% this
quarter and lost 13.9% so far this year.
    * The company reported a quarterly loss of $21.19 million.
    * Wall Street's median 12-month price target for Forge
Global
Holdings Inc is $2.08 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
9 at 11:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.14          -0.12          Beat
 Dec. 31 2022      -0.15          -0.15          Met
 Sep. 30 2022      -0.14          -0.12          Beat
                                  -0.20