Forrester Research Inc reports results for the quarter ended December 31 - Earnings Summary

• Forrester Research Inc FORR.OQ reported quarterly adjusted earnings of 36 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of three analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 33 cents to 36 cents per share.

• Revenue fell 8.5% to $108.04 million from a year ago; analysts expected $106.25 million.

• Forrester Research Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $432 thousand.

• Forrester Research Inc shares had fallen by 3.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the advertising & marketing peer group is also "hold"

Wall Street's median 12-month price target for Forrester Research Inc is $20.00

This summary was machine generated from LSEG data February 11 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)