Forrester Research (NASDAQ:FORR) Updates FY 2024 Earnings Guidance

Forrester Research (NASDAQ:FORR) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.370-1.570 for the period, compared to the consensus earnings per share estimate of 1.460. The company issued revenue guidance of $425.0 million-$435.0 million, compared to the consensus revenue estimate of $430.3 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Forrester Research from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st.

Forrester Research Price Performance

FORR stock traded up $0.44 during trading hours on Thursday, hitting $16.44. 79,558 shares of the stock traded hands, compared to its average volume of 117,916. The stock has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $17.64. Forrester Research has a one year low of $14.38 and a one year high of $27.89. The company has a market cap of $313.35 million, a P/E ratio of 205.50, a P/E/G ratio of 1.20 and a beta of 0.88. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15.

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.