Forrester Q2 revenue falls, restarts stock buyback program

Forrester Research

30/07/2026 21:22

Overview
Research and advisory firm's Q2 revenue fell yr/yr
Adjusted EPS for Q2 declined from prior year
Company restarted stock buyback program, plans to accelerate repurchases

Outlook
Forrester maintains 2026 revenue guidance at $350 mln to $360 mln, down 11.8% to 9.3% yr/yr
Company expects 2026 adjusted EPS of $0.72 to $0.82
Forrester sees 2026 adjusted operating margin at 6.0% to 6.5%

Result Drivers
AI ADOPTION - Co said accelerated adoption of Forrester AI contributed to stabilization of key metrics
CLIENT RETENTION - Client and wallet retention rates improved yr/yr, which co said supports its goal to drive contract value growth
PRODUCT INNOVATION - Co is focusing on new AI-driven products and integrations, including with Microsoft Teams and Copilot

Company press release: ID:nBw7yZgFRa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$100.23 mln
$96.91 mln (2 Analysts)
Q2 EPS
 
$0.78
 
Q2 Adjusted Net Income
Beat
$7.70 mln
$2.47 mln (1 Analyst)
Q2 Net Income
 
$15.25 mln
 
Q2 Pretax Profit
 
$2.91 mln
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
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 $6.00, about 41.5% below its July 29 closing price of $10.26
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
July 29 - UK's Clarivate Q2 revenue slightly misses estimates on product group wind-downs
July 28 - Huron Consulting Q2 revenue before reimbursable expenses rises 16%

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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.)