Forrester Q4 revenue and adjusted EPS miss estimates

Forrester Research

12/02/2026 21:21

Overview

Research firm's Q4 revenue and adjusted EPS missed analyst expectations

Company announced restructuring to improve cost efficiency and focus on CV growth

Forrester projects 2026 revenue decline and negative operating margin

Outlook

Forrester projects 2026 total revenues between $345.0 mln and $360.0 mln

Company expects 2026 adjusted EPS of $0.72 to $0.82

Result Drivers

AI ACCESS LAUNCH - Launch of Forrester AI Access contributed to client retention and count

GOODWILL IMPAIRMENT - Net loss driven by non-cash goodwill impairment charge of $26.8 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$101.06 mln
$103.25 mln (3 Analysts)
Q4 Adjusted EPS
Miss
$0.17
$0.22 (3 Analysts)
Q4 EPS
-$1.78
Q4 Adjusted Net Income
Miss
$3.20 mln
$6.51 mln (1 Analyst)
Q4 Net Income
-$33.88 mln
Q4 Pretax Profit
-$36.53 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advertising & marketing peer group is "buy."

Wall Street's median 12-month price target for Forrester Research Inc is $12.00, about 82.9% above its February 11 closing price of $6.56

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw7SrKsqa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)