Forrester Research Inc reports results for the quarter ended in December - Earnings Summary

Forrester Research

08/02/2024 23:39

* Forrester Research Inc  FORR.OQ  reported quarterly
adjusted
earnings of 25 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 45 cents.  The mean expectation of
three analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 24 cents to 25
cents per share.
    * Revenue fell 13.7% to $118.09 million from a year ago;
analysts
expected $116.43 million. 
    * Forrester Research Inc's reported EPS for the quarter was
a loss
of 3 cents​.
    * The company reported a quarterly loss of $663 thousand.
    * Forrester Research Inc shares had fallen by 13.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 also "hold"

Wall Street's median 12-month price target for Forrester
Research Inc is $28.00 
This summary was machine generated from LSEG data February 8 at
11:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.25           0.25           Met
 Sep. 30 2023      0.35           0.44           Beat
 Jun. 30 2023      0.72           0.94           Beat
 Mar. 31 2023      0.46           0.27           Missed