Q3 2024 EPS Estimates for Forrester Research, Inc. (NASDAQ:FORR) Reduced by Analyst

Forrester Research, Inc. (NASDAQ:FORR) – Research analysts at Sidoti Csr lowered their Q3 2024 EPS estimates for Forrester Research in a report released on Monday, September 30th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.20. The consensus estimate for Forrester Research’s current full-year earnings is $0.95 per share.

Forrester Research (NASDAQ:FORR) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.09). The business had revenue of $121.83 million during the quarter, compared to analysts’ expectations of $121.21 million. Forrester Research had a return on equity of 6.52% and a net margin of 0.32%.

Separately, StockNews.com raised shares of Forrester Research from a “hold” rating to a “buy” rating in a report on Thursday, September 12th.

Forrester Research Price Performance

Forrester Research stock opened at $18.01 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $344.12 million, a P/E ratio of 580.67, a PEG ratio of 1.39 and a beta of 0.87. Forrester Research has a one year low of $16.14 and a one year high of $29.93. The business has a fifty day moving average price of $18.47 and a 200-day moving average price of $18.51.

Institutional Trading of Forrester Research

A number of hedge funds have recently made changes to their positions in FORR. Wellington Management Group LLP purchased a new stake in Forrester Research during the fourth quarter valued at about $2,327,000. PNC Financial Services Group Inc. raised its holdings in shares of Forrester Research by 52.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after buying an additional 533 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Forrester Research by 63.2% in the 1st quarter. BNP Paribas Financial Markets now owns 24,023 shares of the technology company’s stock worth $518,000 after buying an additional 9,299 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Forrester Research by 44.4% in the first quarter. GSA Capital Partners LLP now owns 58,098 shares of the technology company’s stock worth $1,253,000 after buying an additional 17,864 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Forrester Research during the first quarter valued at approximately $223,000. 55.20% of the stock is owned by institutional investors.

Insider Activity at Forrester Research

In other Forrester Research news, insider Ryan Darrah sold 3,895 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $18.26, for a total value of $71,122.70. Following the sale, the insider now owns 19,640 shares of the company’s stock, valued at approximately $358,626.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 39.20% of the stock is owned by corporate insiders.

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.