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ForgeRock Future Growth

Future criteria checks 1/6

ForgeRock is forecasted to grow earnings and revenue by 62.7% and 18.8% per annum respectively. EPS is expected to grow by 49.7%. Return on equity is forecast to be 0.06% in 3 years.

Key information

62.7%

Earnings growth rate

49.7%

EPS growth rate

Software earnings growth	16.3%
Revenue growth rate	18.8%
Future return on equity	0.06%
Analyst coverage	Good
Last updated	23 Aug 2023

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:FORG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	369	-11	16	17	3
12/31/2024	316	-46	4	4	6
12/31/2023	259	-76	-35	-35	9
6/30/2023	243	-82	-40	-39	N/A
3/31/2023	233	-75	-46	-45	N/A
12/31/2022	218	-66	-47	-45	N/A
9/30/2022	202	-62	-39	-36	N/A
6/30/2022	188	-66	-34	-32	N/A
3/31/2022	184	-54	-36	-34	N/A
12/31/2021	177	-48	-38	-37	N/A
9/30/2021	169	-33	-37	-36	N/A
6/30/2021	157	-26	-40	-40	N/A
3/31/2021	141	-34	-28	-27	N/A
12/31/2020	128	-42	-30	-30	N/A
12/31/2019	104	-37	-49	-47	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FORG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FORG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FORG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FORG's revenue (18.8% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: FORG's revenue (18.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FORG's Return on Equity is forecast to be low in 3 years time (0.1%).

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This company has been acquired

ForgeRock Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 26%

Consensus EPS estimates fall by 33%

Consensus EPS estimates fall by 12%

Consensus estimates of losses per share improve by 14%

Consensus EPS estimates fall by 12%

Recent updates

Thoma Bravo Fund XV, L.P., a fund managed by Thoma Bravo, L.P. completed the acquisition of ForgeRock, Inc. (NYSE:FORG) from a group of shareholders.

President notifies of intention to sell stock

Consensus EPS estimates fall by 13%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

President notifies of intention to sell stock

Independent Director exercised options and sold US$1.9m worth of stock

Independent Director notifies of intention to sell stock

Executive VP & Chief Product Officer notifies of intention to sell stock

CFO & Executive VP of Global Operations recently sold US$92k worth of stock

CFO & Executive VP of Global Operations notifies of intention to sell stock

Consensus EPS estimates fall by 26%

Consensus EPS estimates fall by 33%

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

CFO & Executive VP of Global Operations notifies of intention to sell stock

Executive VP & Chief Product Officer exercised options and sold US$2.0m worth of stock

Executive VP & Chief Product Officer notifies of intention to sell stock

Executive VP & Chief Product Officer notifies of intention to sell stock

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 12%

CFO & Executive VP of Global Operations notifies of intention to sell stock

President recently sold US$802k worth of stock

CFO & Executive VP of Global Operations notifies of intention to sell stock

ForgeRock falls as shareholders approve sale to Thoma Bravo

CFO & Executive VP of Global Operations notifies of intention to sell stock

ForgeRock falls after DOJ request for more information on Thoma Bravo deal

Chief Revenue Officer exercised options and sold US$3.2m worth of stock

ForgeRock jumps after disclosing another potential bidder in filing

CFO & Executive VP of Global Operations exercised options and sold US$158k worth of stock

Consensus estimates of losses per share improve by 14%

ForgeRock, Inc. Introduces New Cloud-Native Governance Solution

High number of new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Thoma Bravo Fund XV, L.P., a fund managed by Thoma Bravo, L.P. entered into a definitive agreement to acquire ForgeRock, Inc. (NYSE:FORG) from Accel Partners, KKR & Co. Inc. (NYSE:KKR), Riverwood Capital Management L.P. and others for $2.1 billion.

ForgeRock, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Thoma Bravo acquires ForgeRock for $23.25 per share in cash

Forgerock, Inc. Announces the Availability of Its Next Generation Identity Orchestration

ForgeRock Faces Revenue Growth And Foreign Exchange Headwinds

ForgeRock announces strategic partnership with Secret Double Octopus

Consensus EPS estimates fall by 12%

ForgeRock, Inc. Provides Revenue Guidance for the Third Quarter of 2022 and Full Year 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

ForgeRock stock slides on guidance cut

ForgeRock, Inc. Provides Revenue Guidance for the Third Quarter of 2022 and Full Year 2022

ForgeRock, Inc. to Report Q2, 2022 Results on Aug 11, 2022

Now 21% undervalued

Is ForgeRock, Inc. (NYSE:FORG) Trading At A 33% Discount?

A First Look At ForgeRock

High number of new directors

Consensus forecasts updated

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Forgerock Expands Its Use of Ai with the Introduction of Autonomous Access

No longer forecast to breakeven

ForgeRock’s Next-Generation Authenticator App Is Now Available

ForgeRock, Inc., Annual General Meeting, May 25, 2022

ForgeRock, Inc. to Report Q1, 2022 Results on May 11, 2022

ForgeRock: Cash Burn Makes This Investment Not Worth It

No longer forecast to breakeven

Consensus forecasts updated

Consensus forecasts updated

Full year 2021 earnings: EPS misses analyst expectations

Forgerock, Inc. Announces Retirement of Paul Madera as Director Chair of the Nominating and Corporate Governance Committee

Executive VP & Chief Product Officer notifies of intention to sell stock

ForgeRock: After A 50% Drop, It's Now Trading At Fair Value

Third quarter 2021 earnings released: US$0.44 loss per share

ForgeRock Identity Cloud Achieves HIPAA Security Standards Compliance

ForgeRock IPO Day With CEO Fran Rosch - Managing Digital Identity (Video)

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts