Forrester Research (NASDAQ:FORR) Issues FY 2022 Earnings Guidance

Forrester Research (NASDAQ:FORRGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $2.25-$2.35 for the period, compared to the consensus EPS estimate of $2.30. The company issued revenue guidance of $550.00 million-$560.00 million, compared to the consensus revenue estimate of $554.48 million.Forrester Research also updated its Q2 2022 guidance to $0.70-$0.76 EPS.

Several research firms recently weighed in on FORR. StockNews.com began coverage on shares of Forrester Research in a research note on Thursday, March 31st. They issued a strong-buy rating for the company. Zacks Investment Research upgraded shares of Forrester Research from a sell rating to a hold rating in a research note on Tuesday, April 19th.

Shares of NASDAQ FORR traded down $0.20 during mid-day trading on Monday, hitting $50.19. The company had a trading volume of 226 shares, compared to its average volume of 46,023. The firm has a market cap of $947.39 million, a P/E ratio of 39.06, a PEG ratio of 1.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.86. Forrester Research has a 12 month low of $39.64 and a 12 month high of $60.90. The business’s 50-day simple moving average is $54.58 and its 200-day simple moving average is $55.51.

Forrester Research (NASDAQ:FORRGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The technology company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $133.73 million during the quarter, compared to analysts’ expectations of $133.95 million. Forrester Research had a net margin of 4.95% and a return on equity of 14.57%. During the same quarter last year, the company earned $0.13 earnings per share. As a group, sell-side analysts predict that Forrester Research will post 1.79 EPS for the current year.

In other Forrester Research news, Director David Boyce sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $50.53, for a total transaction of $101,060.00. Following the completion of the transaction, the director now owns 7,183 shares in the company, valued at $362,956.99. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 40.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in shares of Forrester Research by 1.5% during the fourth quarter. California State Teachers Retirement System now owns 15,635 shares of the technology company’s stock worth $918,000 after buying an additional 232 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Forrester Research by 24.7% in the third quarter. Royal Bank of Canada now owns 1,213 shares of the technology company’s stock valued at $60,000 after purchasing an additional 240 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Forrester Research by 8.6% in the fourth quarter. Alliancebernstein L.P. now owns 6,423 shares of the technology company’s stock valued at $377,000 after purchasing an additional 506 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Forrester Research by 13.2% in the first quarter. MetLife Investment Management LLC now owns 5,365 shares of the technology company’s stock valued at $303,000 after purchasing an additional 627 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Forrester Research by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 78,287 shares of the technology company’s stock valued at $4,598,000 after purchasing an additional 793 shares in the last quarter. 52.96% of the stock is owned by institutional investors.

Forrester Research Company Profile (Get Rating)

Forrester Research, Inc operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.

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