Forrester Research (NASDAQ:FORR – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.500-1.700 for the period, compared to the consensus estimate of 1.580. The company issued revenue guidance of $430.0 million-$450.0 million, compared to the consensus revenue estimate of $437.8 million.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Forrester Research from a buy rating to a hold rating in a research note on Friday, April 19th.
Get Our Latest Stock Analysis on Forrester Research
Forrester Research Trading Down 3.7 %
Forrester Research (NASDAQ:FORR – Get Free Report) last released its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $118.09 million during the quarter, compared to analysts’ expectations of $116.43 million. Forrester Research had a return on equity of 10.77% and a net margin of 0.63%. On average, analysts anticipate that Forrester Research will post 1.04 earnings per share for the current fiscal year.
Insider Activity at Forrester Research
In related news, Director Robert Galford sold 13,000 shares of the 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 sale, the director now directly owns 20,489 shares of the company’s stock, valued at approximately $424,736.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 39.20% of the stock is currently owned by 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.
Featured Stories
- Five stocks we like better than Forrester Research
- How to Use the MarketBeat Stock Screener
- NXP Semiconductors Will Set a New High Soon: $300 in Sight
- 5 Top Rated Dividend Stocks to Consider
- Hilton Demonstrates Asset Light is Right for Investors
- How to Invest in Biotech Stocks
- Boston Scientific Bucks the Medtech Slow Down and Raises Outlook
Receive News & Ratings for Forrester Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forrester Research and related companies with MarketBeat.com's FREE daily email newsletter.