How did FORA's Q4 forecast compare to past trends?

Forian's (FORA) estimated EPS and revenue for Q4 2024 show a decline compared to the previous quarter's estimates and historical performance: 1. **Comparison to Immediate Past**: The estimated EPS for Q4 2024 is -0.03, which is an improvement from the -0.15 estimated for Q3 2024. However, the estimated revenue for Q4 2024 is $5.37 million, which is significantly less than the $7.1 million estimated for Q4 2023. |code|Ticker|Name|Date|Estimate EPS|Estimate Revenue|market_code| |---|---|---|---|---|---|---| |FORA|FORA.O|Forian|2023 Q1|-0.11|5700000|186| |FORA|FORA.O|Forian|2023 Q2|-0.05|5100000|186| |FORA|FORA.O|Forian|2023 Q3|-0.03|5220000|186| |FORA|FORA.O|Forian|2023 Q4|0|5560000|186| 2. **Trend Analysis**: When comparing the current estimates to the previous three years' estimates, it is clear that both the EPS and revenue estimates have declined. This suggests a potential downturn in the company's financial performance over the past year. 3. **Historical Context**: The estimated revenue for Q4 2024 is lower than the revenue recorded in the same quarter of the previous year, indicating a potential decline in the company's business activity or market conditions. The estimated EPS also shows a negative value, which could be a concern for investors regarding the company's profitability and potential dilution of existing shares if new capital is raised. In summary, Forian's Q4 2024 forecast reflects a challenging period for the company, with both earnings and revenue estimates showing a decline compared to the immediate past and historical trends.