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

• Forrester Research Inc FORR.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of three analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 5 cents to 10 cents per share.

• Revenue fell 10.2% to $89.88 million from a year ago; analysts expected $90.70 million.

• Forrester Research Inc's reported EPS for the quarter was a loss of $4.62​.

• The company reported a quarterly loss of $87.27 million.

• Forrester Research Inc shares had risen by 5.3% this quarter and lost 37.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 58.6% 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 $15.00

This summary was machine generated from LSEG data May 6 at 10:33 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)