Recap: Forian Q3 Earnings
Portfolio Pulse from Benzinga Insights
Forian (NASDAQ:FORA) reported Q3 earnings, beating estimated earnings by 633.33% with an EPS of $0.16, compared to an estimate of $-0.03. However, revenue was down $1.83 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 1.54% drop in the share price the next day.
November 09, 2023 | 9:55 pm
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Forian's Q3 earnings beat estimates significantly, but revenue was down from the same period last year. Past performance shows a share price drop following a beat on EPS.
While Forian's significant beat on earnings estimates is a positive sign, the decrease in revenue compared to the same period last year is a concern. Additionally, past performance shows that the share price dropped following a beat on EPS last quarter, which could indicate a similar trend this quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100