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

Forrester Research, Inc. (NASDAQ:FORR) – Equities research analysts at William Blair upped their Q3 2024 earnings estimates for shares of Forrester Research in a research note issued on Thursday, May 2nd. William Blair analyst A. Nicholas now expects that the technology company will earn $0.24 per share for the quarter, up from their prior estimate of $0.23. The consensus estimate for Forrester Research’s current full-year earnings is $1.05 per share. William Blair also issued estimates for Forrester Research’s Q2 2025 earnings at $0.69 EPS and Q4 2025 earnings at $0.20 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 Price Performance

Forrester Research stock opened at $18.19 on Monday. Forrester Research has a 12-month low of $17.26 and a 12-month high of $32.79. The stock has a market capitalization of $352.70 million, a P/E ratio of 606.33, a P/E/G ratio of 1.30 and a beta of 0.94. The firm’s 50-day moving average is $19.86 and its two-hundred day moving average is $23.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 EPS 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 analyst estimates of $116.43 million. Forrester Research had a net margin of 0.10% and a return on equity of 9.26%.

Insiders Place Their Bets

In other 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 transaction, the director now directly owns 20,489 shares in the company, valued at approximately $424,736.97. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 39.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Forrester Research by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock worth $40,162,000 after acquiring an additional 7,316 shares during the period. Wellington Management Group LLP purchased a new position in shares of Forrester Research during the 4th quarter worth about $2,327,000. Cambiar Investors LLC lifted its holdings in shares of Forrester Research by 32.6% during the 3rd quarter. Cambiar Investors LLC now owns 75,949 shares of the technology company’s stock worth $2,195,000 after acquiring an additional 18,679 shares during the period. M&T Bank Corp raised its holdings in Forrester Research by 18.9% in the fourth quarter. M&T Bank Corp now owns 68,482 shares of the technology company’s stock valued at $1,836,000 after buying an additional 10,909 shares during the period. Finally, GSA Capital Partners LLP raised its holdings 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 valued at $1,253,000 after buying an additional 17,864 shares during the period. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

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.