Forrester Research (NASDAQ:FORR – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.370-1.570 for the period, compared to the consensus EPS estimate of 1.580. The company issued revenue guidance of $425.0 million-$435.0 million, compared to the consensus revenue estimate of $440.2 million.
Forrester Research Trading Up 2.4 %
FORR traded up $0.46 during trading on Tuesday, reaching $19.40. The company had a trading volume of 147,673 shares, compared to its average volume of 136,697. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91. Forrester Research has a 12-month low of $16.14 and a 12-month high of $32.78. The company has a market cap of $370.73 million, a price-to-earnings ratio of 629.33, a PEG ratio of 1.37 and a beta of 0.91. The firm’s 50-day simple moving average is $17.56 and its 200 day simple moving average is $19.82.
Forrester Research (NASDAQ:FORR – Get Free Report) last released its earnings results on Tuesday, April 30th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). The firm had revenue of $100.08 million during the quarter, compared to analysts’ expectations of $104.21 million. Forrester Research had a return on equity of 9.30% and a net margin of 0.10%. Equities research analysts anticipate that Forrester Research will post 1.04 earnings per share for the current year.
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Forrester Research Company Profile
Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.
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