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

Forrester Research, Inc. (NASDAQ:FORR) – Research analysts at Barrington Research reduced their Q2 2024 EPS estimates for shares of Forrester Research in a report issued on Wednesday, May 1st. Barrington Research analyst V. Colicchio now forecasts that the technology company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.60. The consensus estimate for Forrester Research’s current full-year earnings is $1.05 per share. Barrington Research also issued estimates for Forrester Research’s Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $1.06 EPS and FY2025 earnings at $1.21 EPS.

Separately, StockNews.com cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Forrester Research Trading Down 0.8 %

Shares of FORR opened at $18.19 on Monday. Forrester Research has a 52-week low of $17.26 and a 52-week high of $32.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $19.86 and its two-hundred day moving average is $23.06. The stock has a market cap of $352.70 million, a PE ratio of 606.33, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company 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 9.26% and a net margin of 0.10%.

Insiders Place Their Bets

In other news, Director Robert Galford sold 13,000 shares of the business’s 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 transaction, 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 SEC, which is available at this hyperlink. 39.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FORR. Wellington Management Group LLP purchased a new stake in Forrester Research in the 4th quarter valued at about $2,327,000. Cambiar Investors LLC increased its stake in shares of Forrester Research by 32.6% during the third quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company’s stock worth $2,195,000 after buying an additional 18,679 shares during the period. L2 Asset Management LLC purchased a new stake in shares of Forrester Research during the third quarter worth approximately $516,000. GSA Capital Partners LLP increased its stake in shares of Forrester Research by 44.4% during 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 during the period. Finally, Watchman Group Inc. purchased a new stake in shares of Forrester Research during the third quarter worth approximately $420,000. Institutional investors and hedge funds own 55.20% of the company’s stock.

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.