Forge Global Holdings First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Forge Global Holdings (NYSE:FRGE) First Quarter 2024 Results
Key Financial Results
Revenue: US$19.2m (up 24% from 1Q 2023).
Net loss: US$18.6m (loss narrowed by 12% from 1Q 2023).
US$0.10 loss per share (improved from US$0.12 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Forge Global Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Capital Markets industry in the US.
Performance of the American Capital Markets industry.
The company's shares are down 7.7% from a week ago.
Risk Analysis
It is worth noting though that we have found 4 warning signs for Forge Global Holdings that you need to take into consideration.
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