Q3 2024 EPS Estimates for Forrester Research, Inc. Lifted by Sidoti Csr (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Research analysts at Sidoti Csr increased their Q3 2024 EPS estimates for shares of Forrester Research in a report issued on Wednesday, May 1st. Sidoti Csr analyst A. Soderstrom now expects that the technology company will post earnings per share of $0.24 for the quarter, up from their prior estimate of $0.13. The consensus estimate for Forrester Research’s current full-year earnings is $1.05 per share. Sidoti Csr also issued estimates for Forrester Research’s Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $1.05 EPS, Q1 2025 earnings at $0.10 EPS and FY2025 earnings at $1.20 EPS.

Forrester Research (NASDAQ:FORR) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

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

Forrester Research Trading Down 0.8 %

NASDAQ: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 stock has a fifty day simple moving average of $19.86 and a 200-day simple moving average of $23.06. The company has a market capitalization 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.

Insider Activity at Forrester Research

In other Forrester Research news, Director Robert Galford sold 13,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 20,489 shares of the company’s stock, valued at $424,736.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 39.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. grew its holdings in shares of Forrester Research by 135.9% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 16,795 shares of the technology company’s stock worth $450,000 after buying an additional 9,674 shares in the last quarter. Swiss National Bank grew its stake in Forrester Research by 2.8% in the 3rd quarter. Swiss National Bank now owns 25,350 shares of the technology company’s stock worth $733,000 after acquiring an additional 700 shares during the period. M&T Bank Corp grew its stake in Forrester Research by 20.2% in the 3rd quarter. M&T Bank Corp now owns 57,573 shares of the technology company’s stock worth $1,664,000 after acquiring an additional 9,656 shares during the period. Vanguard Group Inc. raised its holdings in Forrester Research by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,389,683 shares of the technology company’s stock valued at $40,162,000 after acquiring an additional 7,316 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Forrester Research by 22.2% during the 3rd quarter. Barclays PLC now owns 16,191 shares of the technology company’s stock worth $468,000 after purchasing an additional 2,942 shares during the period. 55.20% of the stock is currently owned by hedge funds and other institutional investors.

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.