Company Performance - Forian Inc. reported quarterly earnings of $0.03 per share, exceeding the Zacks Consensus Estimate of $0.01 per share, representing an earnings surprise of 200% [1] - The company posted revenues of $4.69 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.58%, and down from $5.35 million year-over-year [2] - Over the last four quarters, Forian has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Outlook - Forian shares have declined approximately 30.3% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at $0.01 on revenues of $4.97 million, and $0.04 on revenues of $19.43 million for the current fiscal year [7] - The current Zacks Rank for Forian is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Computer - Services industry, to which Forian belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Forian's stock performance [5]
Forian Inc. (FORA) Surpasses Q3 Earnings Estimates