Forrester Research (FORR) Scheduled to Post Earnings on Tuesday

Forrester Research (NASDAQ:FORR) is set to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Forrester Research to post earnings of $0.22 per share for the quarter. Forrester Research has set its FY 2024 guidance at 1.500-1.700 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Forrester Research had a return on equity of 10.77% and a net margin of 0.63%. The business had revenue of $118.09 million during the quarter, compared to analyst estimates of $116.43 million. On average, analysts expect Forrester Research to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Forrester Research Price Performance

Shares of NASDAQ:FORR opened at $18.77 on Friday. Forrester Research has a twelve month low of $18.10 and a twelve month high of $32.79. The company’s 50 day moving average is $20.03 and its 200 day moving average is $23.48. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. The company has a market cap of $363.95 million, a PE ratio of 110.41, a price-to-earnings-growth ratio of 1.32 and a beta of 0.91.

Insider Transactions at Forrester Research

In other news, Director Robert Galford sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total transaction of $269,490.00. Following the sale, the director now owns 20,489 shares of the company’s stock, valued at approximately $424,736.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 39.20% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Friday, April 19th.

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.