Forian Q3 2023 EPS $0.16 Beats $(0.03) Estimate, Sales $5.35M Beat $5.22M Estimate
Portfolio Pulse from totan@benzinga.com
Forian (NASDAQ:FORA) reported Q3 2023 earnings of $0.16 per share, beating the analyst consensus estimate of $(0.03) by 633.33%. This is a 200% increase from the same period last year. The company also reported quarterly sales of $5.35 million, beating the analyst consensus estimate of $5.22 million by 2.45%, but this is a 25.47% decrease from the same period last year.
November 09, 2023 | 9:52 pm
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NEUTRAL IMPACT
Forian's Q3 2023 earnings and sales beat estimates, but sales are down YoY. This mixed result could lead to uncertain market reactions.
Forian's earnings beat estimates and showed a significant YoY increase, which is positive for the stock. However, the decrease in sales YoY could be a concern for investors, leading to a neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100