Forrester Research (NASDAQ:FORR) Issues Q3 2020 After-Hours Earnings Guidance

Forrester Research (NASDAQ:FORR) issued an update on its third quarter 2020
After-Hours earnings guidance on Thursday morning. The company provided EPS guidance of 0.06-0.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.12. The company issued revenue guidance of $99-104 million, compared to the consensus revenue estimate of $97.83 million.Forrester Research also updated its FY 2020
After-Hours guidance to 1.15-1.40 EPS.

Shares of NASDAQ FORR opened at $35.11 on Friday. The business’s 50 day moving average price is $32.08 and its two-hundred day moving average price is $34.20. The company has a market cap of $658.66 million, a PE ratio of 49.45 and a beta of 0.95. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 1.06. Forrester Research has a twelve month low of $22.45 and a twelve month high of $50.00.

Forrester Research (NASDAQ:FORR) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.64. The firm had revenue of $113.54 million for the quarter, compared to the consensus estimate of $104.62 million. Forrester Research had a return on equity of 8.74% and a net margin of 2.99%. As a group, research analysts anticipate that Forrester Research will post 0.13 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on FORR shares. BidaskClub cut Forrester Research from a buy rating to a hold rating in a report on Tuesday, May 12th. Barrington Research restated a buy rating and set a $34.00 price objective on shares of Forrester Research in a report on Friday, May 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $45.67.

About Forrester Research

Forrester Research, Inc operates as an independent research, data, and advisory services company. It operates through Research, Product, and Project Consulting segments. Its primary syndicated research product is Research, which offers clients with access to its syndicated research designed to inform their strategic decision-making.

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