Forian Inc. (FORA) Reports Q2 Loss, Misses Revenue Estimates

Core Viewpoint - Forian Inc. reported a quarterly loss of $0.03 per share, matching the Zacks Consensus Estimate, and has not surpassed consensus EPS estimates over the last four quarters [1][2]. Financial Performance - Forian's revenues for the quarter ended June 2024 were $4.78 million, missing the Zacks Consensus Estimate by 9.18%, and down from $4.89 million a year ago [2]. - The company has consistently failed to meet revenue estimates over the past four quarters [2]. Stock Performance - Forian shares have declined approximately 15.6% year-to-date, contrasting with the S&P 500's gain of 13.9% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $5.88 million, and for the current fiscal year, it is $0.13 on revenues of $22.46 million [7]. - The trend of estimate revisions for Forian is mixed, which may change following the recent earnings report [6]. Industry Context - The Computer - Services industry, to which Forian belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].