Forrester Research Inc reports results for the quarter ended in March - Earnings Summary
01/05/2024 20:53
* Forrester Research Inc FORR.OQ reported quarterly
adjusted
earnings of 14 cents per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 27 cents. The mean expectation of three analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 17 cents to 26 cents per share.
* Revenue fell 12% to $100.08 million from a year ago;
analysts
expected $104.21 million.
* Forrester Research Inc's reported EPS for the quarter was
a loss
of 35 cents.
* The company reported a quarterly loss of $6.67 million.
* Forrester Research Inc shares had fallen by 15.6% this
quarter and lost 32.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 43.3%
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 $23.00
This summary was machine generated from LSEG data May 1 at 07:53
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
Mar. 31 2024 0.22 0.14 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