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Forrester Research (FORR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

Forrester Research (FORR) reported $100.08 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 12%. EPS of $0.14 for the same period compares to $0.27 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $104.21 million, representing a surprise of -3.97%. The company delivered an EPS surprise of -36.36%, with the consensus EPS estimate being $0.22.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how Forrester Research performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- Research: $76.58 million versus $75.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.4% change.

  • Revenue- Advisory services and other (Consulting & Events): $23.50 million versus the two-analyst average estimate of $26.72 million. The reported number represents a year-over-year change of -28.3%.

  • Revenue- Consulting: $23.14 million versus the two-analyst average estimate of $28.28 million.

  • Revenue- Events: $0.36 million versus the two-analyst average estimate of $1.02 million.

View all Key Company Metrics for Forrester Research here>>>

Shares of Forrester Research have returned -9.3% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Zacks Investment Research