* Forge Global Holdings Inc 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
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