Forian Q1 EPS $(0.04) Misses $(0.02) Estimate, Sales $4.88M Miss $5.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forian Inc. (NASDAQ:FORA) reported Q1 earnings with a loss of $(0.04) per share, missing the consensus estimate of $(0.02) by 100%. Quarterly sales were $4.88M, missing the $5.11M estimate by 4.56%, but marking a slight increase from $4.87M in the same period last year.

May 14, 2024 | 8:40 pm
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NEGATIVE IMPACT
Forian Inc. reported a larger than expected Q1 loss and missed sales estimates, indicating potential short-term negative impact on its stock price.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term. The reported increase in losses compared to the expected figure and the miss on sales forecasts are likely to put downward pressure on Forian's stock price. However, the slight increase in sales year-over-year may offer some mitigating context to investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100