Forge Global Holdings, Inc. (FRGE) Reports Q4 Loss, Misses Revenue Estimates

Core Insights - Forge Global Holdings, Inc. reported a quarterly loss of $0.08 per share, which was better than the Zacks Consensus Estimate of a loss of$ 0.09, and an improvement from a loss of $0.13 per share a year ago, indicating an earnings surprise of 11.11% [1] - The company generated revenues of$ 18.59 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 11.42% and down from $19.06 million in the same quarter last year [2] - Forge Global shares have declined approximately 4.5% year-to-date, underperforming the S&P 500, which has seen a decline of 1.8% [3] Earnings Outlook - The earnings outlook for Forge Global is mixed, with the current consensus EPS estimate for the upcoming quarter at -$ 0.07 on revenues of $23.95 million, and for the current fiscal year at -$ 0.25 on revenues of $105.56 million [7] - The company's Zacks Rank is currently 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Forge Global belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]