Some Analysts Just Cut Their Forge Global Holdings, Inc. (NYSE:FRGE) Estimates [Yahoo! Finance]
Forge Global Holdings, Inc. (FRGE)
Company Research
Source: Yahoo! Finance
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. See our latest analysis for Forge Global Holdings 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. The
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News
- Forge Global Holdings, Inc. (NYSE:FRGE) Consensus Forecasts Have Become A Little Darker Since Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Forge Global Holdings Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Forge Global Holdings Inc (FRGE) Q3 2024 Earnings Call Highlights: Surging Marketplace Revenue ... [Yahoo! Finance]Yahoo! Finance
- Forge Global Holdings, Inc. (FRGE) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Forge Global Holdings, Inc. Reports Third Quarter Fiscal Year 2024 ResultsBusiness Wire
FRGE
Earnings
- 11/6/24 - Miss
FRGE
Sec Filings
- 12/20/24 - Form 4
- 12/17/24 - Form 4
- 12/16/24 - Form 144
- FRGE's page on the SEC website