Forrester Research, Inc. Expected to Earn Q3 2024 Earnings of $0.24 Per Share (NASDAQ:FORR)

Forrester Research, Inc. (NASDAQ:FORR) – Analysts at Sidoti Csr boosted their Q3 2024 earnings estimates for Forrester Research in a report issued on Wednesday, May 1st. Sidoti Csr analyst A. Soderstrom now expects that the technology company will earn $0.24 per share for the quarter, up from their prior forecast 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 released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Forrester Research had a return on equity of 9.26% and a net margin of 0.10%. The business had revenue of $118.09 million during the quarter, compared to the consensus estimate of $116.43 million.

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 Stock Up 0.8 %

FORR opened at $18.34 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Forrester Research has a 1-year low of $17.26 and a 1-year high of $32.79. The company has a market capitalization of $355.61 million, a PE ratio of 611.33, a PEG ratio of 1.28 and a beta of 0.94. The firm’s 50 day simple moving average is $19.82 and its two-hundred day simple moving average is $23.00.

Insider Transactions at Forrester Research

In other news, Director Robert Galford sold 13,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $20.73, for a total value 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 $424,736.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 39.20% of the company’s stock.

Institutional Investors Weigh In On Forrester Research

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Forrester Research during the third quarter valued at $105,000. Cambiar Investors LLC grew its position in Forrester Research by 32.6% in the third 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 in the last quarter. M&T Bank Corp grew its position in Forrester Research by 20.2% in the third 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 in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Forrester Research during the third quarter worth approximately $201,000. Finally, Barclays PLC raised its position in Forrester Research by 22.2% during the third quarter. Barclays PLC now owns 16,191 shares of the technology company’s stock valued at $468,000 after purchasing an additional 2,942 shares during the period. 55.20% of the stock is owned by 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.