Forrester Research Inc reports results for the quarter ended in January 1 - Earnings Summary
06/11/2024 04:34
* Forrester Research Inc FORR.OQ reported quarterly
adjusted
earnings of 29 cents per share for the quarter ended January
1, lower than the same quarter last year, when the company
reported EPS of 44 cents. The mean expectation of
three analysts for the quarter was for earnings of 34 cents per
share. Wall Street expected results to range from 32 cents to 35
cents per share.
* Revenue fell 9.6% to $102.53 million from a year ago;
analysts
expected $101.94 million.
* Forrester Research Inc's reported EPS for the quarter was
a loss
of 30 cents.
* The company reported a quarterly loss of $5.8 million.
* Forrester Research Inc shares had fallen by 18.4% this
quarter and lost 45.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
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 $20.00
This summary was machine generated from LSEG data November 6 at
04:34 a.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
Sep. 30 2024 0.34 0.29 Missed
Jun. 30 2024 0.70 0.68 Missed
Mar. 31 2024 0.22 0.14 Missed
Dec. 31 2023 0.25 0.25 Met