Forrester Research Inc reports results for the quarter ended June 30 - Earnings Summary

• Forrester Research Inc FORR.OQ reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of three analysts for the quarter was for earnings of 50 cents per share. Wall Street expected results to range from 44 cents to 56 cents per share.

• Revenue fell 8.3% to $111.66 million from a year ago; analysts expected $109.95 million.

• Forrester Research Inc's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $3.91 million.

• Forrester Research Inc shares had fallen by 2.0% this quarter and lost 38.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.3% 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 "buy."

• Wall Street's median 12-month price target for Forrester Research Inc is $14.00, about 30.7% above its last closing price of $9.70

This summary was machine generated from LSEG data July 31 at 09:01 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)