Forrester Research Q3 revenue falls 8%, misses estimates

Forrester Research

30/10/2025 20:34

Overview

Forrester Q3 2025 revenue declines 8% from last year, missing analysts' expectations

Adjusted net income for Q3 2025 increases to $7.2 mln, reflecting an adjusted effective tax rate of 29%

Company launches Forrester AI Access to enhance AI leadership

Outlook

Forrester sees full-year 2025 revenue between $395 mln and $405 mln

Company expects full-year 2025 adjusted EPS of $1.15 to $1.25

Forrester anticipates adjusted operating margin of 7.5% to 8.5% for 2025

Result Drivers

CONTRACT VALUE DECLINE - Contract value decreased by 7% compared to prior year, indicating market challenges

OPERATING MARGIN GROWTH - Despite revenue decline, co achieved operating margin growth in Q

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$94.3 mln
$99.15 mln (3 Analysts)
Q3 EPS
-$0.11
Q3 Adjusted Net Income
$7.24 mln
Q3 Net Income
-$2.13 mln
Q3 Pretax Profit
-$1.69 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 30.4% above its October 29 closing price of $8.35

Press Release: ID:nBw2Vpq4Ya

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)