Forge Global Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

• Forge Global Holdings Inc FRGE.N reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -15 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 fell 2.5% to $18.59 million from a year ago; analysts expected $20.65 million.

• Forge Global Holdings Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $15.64 million.

• Forge Global Holdings Inc shares had fallen by 12.4% 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 3 "strong buy" or "buy," 2 "hold" and 1 "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 $2.60

This summary was machine generated from LSEG data March 6 at 05:10 a.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)