Equities research analysts expect Forrester Research, Inc. (NASDAQ:FORR) to announce sales of $86.37 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Forrester Research’s earnings. The highest sales estimate is $86.84 million and the lowest is $85.90 million. Forrester Research reported sales of $80.37 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.5%. The business is scheduled to announce its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Forrester Research will report full year sales of $354.14 million for the current financial year, with estimates ranging from $352.20 million to $356.08 million. For the next fiscal year, analysts forecast that the company will report sales of $372.83 million per share, with estimates ranging from $369.70 million to $375.96 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Forrester Research.
Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Friday, July 27th. The technology company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.15. The business had revenue of $96.35 million for the quarter, compared to analyst estimates of $93.48 million. Forrester Research had a return on equity of 8.69% and a net margin of 3.51%.
A number of equities analysts have recently commented on the company. Barrington Research reiterated a “hold” rating on shares of Forrester Research in a research note on Monday. ValuEngine upgraded Forrester Research from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. BidaskClub lowered Forrester Research from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Finally, Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a research note on Monday, July 2nd.
In other news, Director George Hornig sold 8,100 shares of Forrester Research stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $42.61, for a total value of $345,141.00. Following the transaction, the director now directly owns 8,861 shares in the company, valued at $377,567.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 43.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Forrester Research by 13.3% during the fourth quarter. Rhumbline Advisers now owns 24,300 shares of the technology company’s stock valued at $1,074,000 after acquiring an additional 2,850 shares during the period. BlackRock Inc. increased its stake in Forrester Research by 6.0% during the fourth quarter. BlackRock Inc. now owns 1,331,814 shares of the technology company’s stock valued at $58,866,000 after acquiring an additional 75,907 shares during the period. Geode Capital Management LLC increased its stake in Forrester Research by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 99,906 shares of the technology company’s stock valued at $4,415,000 after acquiring an additional 1,349 shares during the period. Deutsche Bank AG increased its stake in Forrester Research by 139.8% during the fourth quarter. Deutsche Bank AG now owns 22,695 shares of the technology company’s stock valued at $1,001,000 after acquiring an additional 13,229 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Forrester Research by 9.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 51,682 shares of the technology company’s stock valued at $2,284,000 after acquiring an additional 4,367 shares during the period. Institutional investors and hedge funds own 57.50% of the company’s stock.
Shares of Forrester Research stock traded up $1.65 during trading on Friday, reaching $46.20. The company’s stock had a trading volume of 1,537 shares, compared to its average volume of 28,396. The firm has a market capitalization of $801.19 million, a PE ratio of 53.67, a PEG ratio of 3.54 and a beta of 0.37. Forrester Research has a one year low of $36.95 and a one year high of $47.75.
About Forrester Research
Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.
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