Forge Global Holdings Q4 2023 GAAP EPS $(0.15) Misses $(0.10) Estimate, Sales $19.059M Miss $19.570M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forge Global Holdings (FRGE) reported Q4 2023 earnings with a GAAP EPS of $(0.15), missing the $(0.10) estimate, and sales of $19.059M, missing the $19.570M estimate. This represents a 13.30% increase in sales compared to the same period last year.
March 26, 2024 | 8:35 pm
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NEGATIVE IMPACT
Forge Global Holdings reported a larger than expected quarterly loss and a slight miss in sales forecasts, but showed a significant year-over-year sales growth.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. However, the year-over-year sales growth indicates underlying strength that might mitigate the negative impact over time.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100