Forrester Research (NASDAQ:FORR) Announces Quarterly Earnings Results

Forrester Research (NASDAQ:FORR) announced its quarterly earnings data on Wednesday. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16), FiscalAI reports. Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.18%. The firm had revenue of $85.45 million during the quarter, compared to the consensus estimate of $83.28 million. Forrester Research updated its FY 2026 guidance to 0.720-0.820 EPS.

Here are the key takeaways from Forrester Research’s conference call:

• Retention and key metrics improved (wallet retention 89%, client retention 78%, multi‑year deals 72%) and management raised the low end of full‑year revenue guidance to a range of $350M–$360M as CV declines slowed to 3% in Q1.
• Forrester AI gained momentum with a model upgrade (conversational, transparent reasoning, 197 languages), Microsoft Teams and Copilot integrations, and usage up ~55% YoY (prompt volume +65%), driving product adoption.
• Total revenue fell 5% to $85.5M, research was down 2% and consulting down 13% (reflecting the decision to exit the strategy consulting business), while adjusted operating income swung to a loss (‑$0.9M) and EPS was ‑$0.04.
• Liquidity remained strong with ~$19M free cash flow in the quarter (≈$25M excl. one‑time HQ CapEx), cash of ~$145M, only $35M of debt, and an extended credit facility to March 2029.
• Events and go‑to‑market execution showed early traction (B2B Summit attendees +10%, stronger sponsorship bookings), sales reorganized around six industries and CV productivity per rep rose ~6% YoY, supporting management’s view of a recovery in CV.

Forrester Research Stock Up 5.2%

Forrester Research stock traded up $0.34 during trading hours on Friday, reaching $6.87. 41,099 shares of the company’s stock were exchanged, compared to its average volume of 123,106. The firm’s 50 day simple moving average is $5.94 and its 200 day simple moving average is $6.94. Forrester Research has a twelve month low of $4.88 and a twelve month high of $11.57. The firm has a market capitalization of $131.77 million, a PE ratio of -2.43, a PEG ratio of 1.18 and a beta of 0.99.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FORR. Wall Street Zen cut shares of Forrester Research from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Zacks Research raised Forrester Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forrester Research in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On Forrester Research

Hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP increased its stake in shares of Forrester Research by 75.6% in the 4th quarter. Trexquant Investment LP now owns 56,433 shares of the technology company’s stock valued at $458,000 after acquiring an additional 24,304 shares in the last quarter. Squarepoint Ops LLC increased its position in Forrester Research by 9.7% in the 4th quarter. Squarepoint Ops LLC now owns 31,145 shares of the technology company’s stock valued at $253,000 after buying an additional 2,752 shares in the last quarter. Jane Street Group LLC boosted its holdings in Forrester Research by 7.8% in the second quarter. Jane Street Group LLC now owns 20,741 shares of the technology company’s stock worth $205,000 after acquiring an additional 1,494 shares in the last quarter. Engineers Gate Manager LP raised its position in shares of Forrester Research by 9.7% during the second quarter. Engineers Gate Manager LP now owns 19,626 shares of the technology company’s stock worth $194,000 after purchasing an additional 1,728 shares during the period. Finally, Graham Capital Management L.P. increased its stake in Forrester Research by 53.3% during the 4th quarter. Graham Capital Management L.P. now owns 19,522 shares of the technology company’s stock valued at $159,000 after purchasing an additional 6,787 shares in the last quarter. 55.20% of the stock is currently owned by institutional investors.

Forrester Research Company Profile

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.