Q2 2024 Earnings Forecast for Forrester Research, Inc. (NASDAQ:FORR) Issued By Barrington Research

Forrester Research, Inc. (NASDAQ:FORR) – Equities researchers at Barrington Research dropped their Q2 2024 EPS estimates for Forrester Research in a note issued to investors on Wednesday, May 1st. Barrington Research analyst V. Colicchio now expects that the technology company will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.60. The consensus estimate for Forrester Research’s current full-year earnings is $1.05 per share. Barrington Research also issued estimates for Forrester Research’s Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $1.06 EPS and FY2025 earnings at $1.21 EPS.

Separately, StockNews.com downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Forrester Research Stock Performance

FORR opened at $19.13 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The company has a market cap of $370.93 million, a price-to-earnings ratio of 637.67, a PEG ratio of 1.28 and a beta of 0.94. Forrester Research has a 52-week low of $17.26 and a 52-week high of $32.79. The firm’s fifty day simple moving average is $19.78 and its two-hundred day simple moving average is $22.94.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $118.09 million for the quarter, compared to analysts’ expectations of $116.43 million. Forrester Research had a net margin of 0.10% and a return on equity of 9.26%.

Insider Buying and Selling at Forrester Research

In other Forrester Research news, Director Robert Galford sold 13,000 shares of Forrester Research stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total transaction of $269,490.00. Following the completion of the sale, the director now directly owns 20,489 shares in the company, valued at $424,736.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 39.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FORR. Wellington Management Group LLP purchased a new position in shares of Forrester Research in the fourth quarter valued at approximately $2,327,000. Cambiar Investors LLC boosted its stake in shares of Forrester Research by 32.6% in the third quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company’s stock valued at $2,195,000 after purchasing an additional 18,679 shares during the period. L2 Asset Management LLC purchased a new position in shares of Forrester Research in the third quarter valued at approximately $516,000. GSA Capital Partners LLP boosted its stake in shares of Forrester Research by 44.4% in the first quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 17,864 shares during the period. Finally, Watchman Group Inc. purchased a new position in Forrester Research in the third quarter worth approximately $420,000. Hedge funds and other institutional investors own 55.20% of the company’s stock.

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.