Forge(US:FRGE) ZACKS·2025-05-07 13:15Company Performance - Forge Global Holdings, Inc. reported a quarterly loss of $1.29 per share, which was better than the Zacks Consensus Estimate of a loss of $1.34, and an improvement from a loss of $1.50 per share a year ago, representing an earnings surprise of 3.73% [1] - The company posted revenues of $25.3 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.27%, and showing an increase from year-ago revenues of $19.24 million [2] - Over the last four quarters, Forge Global has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Forge Global shares have declined approximately 13.5% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$1.03 on revenues of $23.22 million, and for the current fiscal year, it is -$4.27 on revenues of $98.57 million [7] Industry Outlook - The Financial - Miscellaneous Services industry, to which Forge Global belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Forge Global's stock performance [5]