Forian Inc reports results for the quarter ended in December - Earnings Summary

Forian.

28/03/2024 21:52

* Forian Inc  FORA.OQ  reported quarterly adjusted earnings
of 4
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -11
cents.  The mean expectation of two analysts for the quarter was
for a loss of 3 cents per share. Wall Street expected results to
range from -4 cents to -2 cents per share.
    * Revenue fell 32.1% to $5.37 million from a year ago;
analysts
expected $5.56 million. 
    * Forian Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $1.39
million.
    * Forian Inc shares had risen by 9.4% 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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Forian Inc is
$5.00 
This summary was machine generated from LSEG data March 28 at
09:52 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      -0.03          0.04           Beat
 Sep. 30 2023      -0.03          0.13           Beat
 Jun. 30 2023      -0.05          -0.03          Beat
 Mar. 31 2023      -0.11          -0.08          Beat