Q2 2024 EPS Estimates for Forrester Research, Inc. (NASDAQ:FORR) Reduced by Analyst

Forrester Research, Inc. (NASDAQ:FORR) – Stock analysts at Sidoti Csr dropped their Q2 2024 EPS estimates for shares of Forrester Research in a note issued to investors on Wednesday, May 1st. Sidoti Csr analyst A. Soderstrom now anticipates that the technology company will post earnings per share of $0.54 for the quarter, down from their prior estimate of $0.61. The consensus estimate for Forrester Research’s current full-year earnings is $1.04 per share. Sidoti Csr also issued estimates for Forrester Research’s Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.28 EPS.

Separately, StockNews.com cut Forrester Research from a “buy” rating to a “hold” rating in a research report on Wednesday.

Forrester Research Price Performance

Shares of Forrester Research stock opened at $18.19 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $352.70 million, a PE ratio of 606.33, a price-to-earnings-growth ratio of 1.25 and a beta of 0.94. The firm has a fifty day moving average price of $19.86 and a two-hundred day moving average price of $23.14. Forrester Research has a fifty-two week low of $17.26 and a fifty-two week high of $32.79.

Forrester Research (NASDAQ:FORR) 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 firm had revenue of $118.09 million for the quarter, compared to analyst estimates of $116.43 million. Forrester Research had a return on equity of 9.26% and a net margin of 0.10%.

Hedge Funds Weigh In On Forrester Research

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new stake in shares of Forrester Research during the 4th quarter worth approximately $28,000. PNC Financial Services Group Inc. lifted its stake in Forrester Research by 52.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,553 shares of the technology company’s stock valued at $42,000 after purchasing an additional 533 shares during the last quarter. SG Americas Securities LLC bought a new position in Forrester Research during the third quarter worth about $105,000. Illinois Municipal Retirement Fund acquired a new position in Forrester Research during the third quarter worth approximately $201,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in Forrester Research in the third quarter valued at approximately $206,000. 55.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Forrester Research

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was 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 of the company’s stock, valued at approximately $424,736.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 39.20% of the stock is currently owned by company insiders.

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.