Forge Global Holdings: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Forge Global Holdings (NYSE:FRGE) reported Q4 earnings with an EPS of $-0.15, missing estimates by -50.0% against an expected $-0.1. Revenue increased by $2.24 million from the same period last year. Despite past earnings misses, the share price increased by 0.0% the day after the last earnings report.
March 26, 2024 | 8:40 pm
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Forge Global Holdings reported a significant miss in Q4 earnings with an EPS of $-0.15, underperforming estimates by 50%. However, revenue saw a year-over-year increase.
Despite the significant miss in EPS estimates, Forge Global Holdings has shown resilience in its share price following past earnings reports. The increase in revenue year-over-year may offset concerns about the EPS miss to some extent, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100