Some Analysts Just Cut Their Forge Global Holdings, Inc. (NYSE:FRGE) Estimates

Simply Wall St.11-12

Today is shaping up negative for Forge Global Holdings, Inc. (NYSE:FRGE) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. There was a fairly ...

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There was a fairly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysts-just-cut-forge-global-112141230.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Analysts Just Cut Their Forge Global Holdings, Inc. 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(NYSE:FRGE) Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 19:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/analysts-just-cut-forge-global-112141230.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today is shaping up negative for Forge Global Holdings, Inc. (NYSE:FRGE) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. There was a fairly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/analysts-just-cut-forge-global-112141230.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4118","symbol_name":"综合性资本市场","start_time":0,"source_url":"https://finance.yahoo.com/news/analysts-just-cut-forge-global-112141230.html","article_id":"2482705107","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LdD0EfV4tVExOUWx5tR2Og--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/297a096e5743176fa71b67c7278a433d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482705107","pubTimestamp":1731410501,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Today is shaping up negative for Forge Global Holdings, Inc.  shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.After the downgrade, the six analysts covering Forge Global Holdings are now predicting revenues of US$110m in 2025. If met, this would reflect a substantial 37% improvement in sales compared to the last 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 47% to US$0.22. However, before this estimates update, the consensus had been expecting revenues of US$125m and US$0.20 per share in losses. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase.Still, the long-term prospects of the business are much more rel","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4118":"综合性资本市场","FRGE":"Forge Global","NYSE":"纽交所"},"translate_title":"一些分析师刚刚下调了对Forge Global Holdings，Inc.（纽约证券交易所股票代码：FRGE）的预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FRGE":1,"NYSE":1},"content_text":"Today is shaping up negative for Forge Global Holdings, Inc. (NYSE:FRGE) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. \n After the downgrade, the six analysts covering Forge Global Holdings are now predicting revenues of US$110m in 2025. If met, this would reflect a substantial 37% improvement in sales compared to the last 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 47% to US$0.22. However, before this estimates update, the consensus had been expecting revenues of US$125m and US$0.20 per share in losses. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. \n See our latest analysis for Forge Global Holdings \n\n\n\n  NYSE:FRGE Earnings and Revenue Growth November 12th 2024\n \n\n The consensus price target fell 5.2% to US$3.68, implicitly signalling that lower earnings per share are a leading indicator for Forge Global Holdings' valuation. \n These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Forge Global Holdings' past performance and to peers in the same industry. It's clear from the latest estimates that Forge Global Holdings' rate of growth is expected to accelerate meaningfully, with the forecast 29% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 2.1% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.7% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Forge Global Holdings is expected to grow much faster than its industry. \nThe Bottom Line \n The most important thing to note from this downgrade is that the consensus increased its forecast losses next year, suggesting all may not be well at Forge Global Holdings. Unfortunately, analysts also downgraded their revenue estimates, although our data indicates revenues are expected to perform better than the wider market. The consensus price target fell measurably, with analysts seemingly not reassured by recent business developments, leading to a lower estimate of Forge Global Holdings' future valuation. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Forge Global Holdings after today. \n Still, the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Forge Global Holdings going out to 2026, and you can see them free on our platform here. \n Another way to search for interesting companies that could be  reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482705107"}