Forrester Research (NASDAQ:FORR) Releases Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Forrester Research (NASDAQ:FORR) released its quarterly earnings data on Wednesday. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16), FiscalAI reports. The firm had revenue of $85.45 million for the quarter, compared to the consensus estimate of $83.28 million. Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.18%. Forrester Research updated its FY 2026 guidance to 0.720-0.820 EPS.

Here are the key takeaways from Forrester Research’s conference call:

• Retention and key metrics improved (wallet retention 89%, client retention 78%, multi?year deals 72%) and management raised the low end of full?year revenue guidance to a range of $350M–$360M as CV declines slowed to 3% in Q1.
• Forrester AI gained momentum with a model upgrade (conversational, transparent reasoning, 197 languages), Microsoft Teams and Copilot integrations, and usage up ~55% YoY (prompt volume +65%), driving product adoption.
• Total revenue fell 5% to $85.5M, research was down 2% and consulting down 13% (reflecting the decision to exit the strategy consulting business), while adjusted operating income swung to a loss (?$0.9M) and EPS was ?$0.04.
• Liquidity remained strong with ~$19M free cash flow in the quarter (?$25M excl. one?time HQ CapEx), cash of ~$145M, only $35M of debt, and an extended credit facility to March 2029.
• Events and go?to?market execution showed early traction (B2B Summit attendees +10%, stronger sponsorship bookings), sales reorganized around six industries and CV productivity per rep rose ~6% YoY, supporting management’s view of a recovery in CV.

Forrester Research Price Performance

Shares of FORR stock traded up $0.34 during trading hours on Friday, hitting $6.87. 41,099 shares of the company’s stock were exchanged, compared to its average volume of 123,106. Forrester Research has a 52 week low of $4.88 and a 52 week high of $11.57. The stock has a market cap of $131.77 million, a price-to-earnings ratio of -2.43, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99. The stock’s 50-day moving average is $5.94 and its 200-day moving average is $6.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in Forrester Research by 402.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock worth $66,000 after acquiring an additional 4,957 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of Forrester Research during the fourth quarter worth approximately $93,000. Occudo Quantitative Strategies LP bought a new stake in shares of Forrester Research during the fourth quarter valued at approximately $93,000. Wells Fargo & Company MN grew its stake in shares of Forrester Research by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,842 shares of the technology company’s stock valued at $104,000 after purchasing an additional 4,058 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in Forrester Research in the 4th quarter worth approximately $113,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FORR. Wall Street Zen downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Zacks Research upgraded Forrester Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Forrester Research in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Forrester Research Company Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.