Forrester Research (NASDAQ:FORR) Posts Earnings Results, Misses Estimates By $0.10 EPS

Forrester Research (NASDAQ:FORR) released its quarterly earnings results on Tuesday. The technology company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.10), Zacks reports. Forrester Research had a negative net margin of 1.55% and a positive return on equity of 5.10%.

Forrester Research Stock Up 0.3 %

FORR stock traded up $0.04 during trading on Tuesday, hitting $15.10. 46,149 shares of the stock traded hands, compared to its average volume of 45,840. The stock has a market cap of $286.90 million, a price-to-earnings ratio of -43.14, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98. Forrester Research has a 1 year low of $13.91 and a 1 year high of $22.15. The firm’s 50 day moving average is $15.51 and its two-hundred day moving average is $16.68.

Analyst Ratings Changes

Separately, StockNews.com upgraded Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday, December 14th.

About Forrester Research

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