Forrester Research (NASDAQ:FORR) Issues FY 2024 Earnings Guidance

Forrester Research (NASDAQ:FORR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.370-1.570 for the period, compared to the consensus EPS estimate of 1.580. The company issued revenue guidance of $425.0 million-$435.0 million, compared to the consensus revenue estimate of $440.2 million.

Forrester Research Trading Up 2.4 %

FORR traded up $0.46 during trading on Tuesday, reaching $19.40. The company had a trading volume of 147,673 shares, compared to its average volume of 136,697. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. Forrester Research has a 12-month low of $16.14 and a 12-month high of $32.78. The company has a market cap of $370.73 million, a price-to-earnings ratio of 629.33, a PEG ratio of 1.37 and a beta of 0.91. The firm’s 50-day simple moving average is $17.56 and its 200 day simple moving average is $19.82.

Forrester Research (NASDAQ:FORR) last released its earnings results on Tuesday, April 30th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). The firm had revenue of $100.08 million during the quarter, compared to analysts’ expectations of $104.21 million. Forrester Research had a return on equity of 9.30% and a net margin of 0.10%. Equities research analysts anticipate that Forrester Research will post 1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Forrester Research from a buy rating to a hold rating in a research report on Wednesday, July 17th.

Forrester Research Company Profile

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.