Forge Global Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Forge Global Holdings

07/11/2024 14:20

* Forge Global Holdings Inc  FRGE.N  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -11 cents.  The mean expectation of six analysts
for the quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -10 cents to -8 cents per share.
    * Revenue rose 3.5% to $19.22 million from a year ago;
analysts
expected $22.39 million. 
    * Forge Global Holdings Inc's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $18.34 million.
    * Forge Global Holdings Inc shares had held steady so far
this
quarter and lost 61.8% so far this year.

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 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Forge Global
Holdings Inc is $2.85 
This summary was machine generated from LSEG data November 7 at
02:20 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
 Sep. 30 2024      -0.09          -0.10          Missed
 Jun. 30 2024      -0.11          -0.08          Beat
 Mar. 31 2024      -0.12          -0.10          Beat
 Dec. 31 2023      -0.10          -0.15          Missed