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Forrester Res: Q4 Earnings Insights

Author: Benzinga Insights | February 08, 2024 05:25pm

Forrester Res (NASDAQ:FORR) reported its Q4 earnings results on Thursday, February 8, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Forrester Res beat estimated earnings by 4.17%, reporting an EPS of $0.25 versus an estimate of $0.24.

Revenue was down $18.80 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.09 which was followed by a 5.27% drop in the share price the next day.

Here's a look at Forrester Res's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.35 0.71 0.46 0.33
EPS Actual 0.44 0.94 0.27 0.45
Revenue Estimate 113.44M 128.99M 121.54M 138.71M
Revenue Actual 113.43M 135.59M 113.67M 136.89M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Forrester Res management provided guidance for FY 2024, expecting earnings between $1.5 and $1.7 per share.

To track all earnings releases for Forrester Res visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: FORR

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