Forrester Research, Inc. (NASDAQ:FORR) Expected to Earn FY2022 Earnings of $1.79 Per Share

Forrester Research, Inc. (NASDAQ:FORRGet Rating) – Investment analysts at William Blair reduced their FY2022 earnings per share (EPS) estimates for Forrester Research in a research note issued on Monday, August 1st. William Blair analyst A. Nicholas now anticipates that the technology company will post earnings of $1.79 per share for the year, down from their prior forecast of $1.81. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for Forrester Research’s current full-year earnings is $1.78 per share. William Blair also issued estimates for Forrester Research’s Q4 2022 earnings at $0.35 EPS, Q1 2023 earnings at $0.37 EPS, Q2 2023 earnings at $0.79 EPS, Q4 2023 earnings at $0.46 EPS and FY2023 earnings at $1.99 EPS.

Forrester Research (NASDAQ:FORRGet Rating) last released its earnings results on Thursday, May 5th. The technology company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.11. The company had revenue of $124.97 million during the quarter, compared to the consensus estimate of $121.62 million. Forrester Research had a return on equity of 18.43% and a net margin of 5.82%.

Forrester Research Trading Down 3.0 %

FORR stock opened at $42.74 on Thursday. The company has a market cap of $806.76 million, a P/E ratio of 27.05, a PEG ratio of 1.72 and a beta of 0.92. Forrester Research has a twelve month low of $42.59 and a twelve month high of $60.90. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $47.38 and a 200-day moving average of $51.45.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FORR. Captrust Financial Advisors grew its holdings in Forrester Research by 250.0% during the first quarter. Captrust Financial Advisors now owns 469 shares of the technology company’s stock valued at $26,000 after purchasing an additional 335 shares during the period. KBC Group NV acquired a new position in shares of Forrester Research in the second quarter valued at approximately $45,000. Lazard Asset Management LLC boosted its holdings in shares of Forrester Research by 846.0% in the first quarter. Lazard Asset Management LLC now owns 946 shares of the technology company’s stock valued at $53,000 after buying an additional 846 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Forrester Research in the fourth quarter valued at approximately $105,000. Finally, Contravisory Investment Management Inc. acquired a new position in shares of Forrester Research in the second quarter valued at approximately $192,000. Institutional investors and hedge funds own 52.96% of the company’s stock.

Insider Transactions at Forrester Research

In other news, insider Alicia Lee sold 1,428 shares of the business’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $52.00, for a total transaction of $74,256.00. Following the completion of the sale, the insider now owns 3,819 shares in the company, valued at $198,588. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director David Boyce sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $50.53, for a total transaction of $101,060.00. Following the completion of the transaction, the director now owns 7,183 shares in the company, valued at $362,956.99. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alicia Lee sold 1,428 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $52.00, for a total transaction of $74,256.00. Following the transaction, the insider now owns 3,819 shares of the company’s stock, valued at approximately $198,588. The disclosure for this sale can be found here. 40.60% of the stock is currently owned by corporate insiders.

Forrester Research Company Profile

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Forrester Research, Inc operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.

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Earnings History and Estimates for Forrester Research (NASDAQ:FORR)

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