Forrester Research, Inc. (NASDAQ:FORR) Expected to Post Quarterly Sales of $112.78 Million

Analysts forecast that Forrester Research, Inc. (NASDAQ:FORR) will post $112.78 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Forrester Research’s earnings. The lowest sales estimate is $112.05 million and the highest is $113.50 million. Forrester Research reported sales of $124.27 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 11th.

On average, analysts expect that Forrester Research will report full year sales of $441.26 million for the current financial year, with estimates ranging from $440.51 million to $442.00 million. For the next fiscal year, analysts forecast that the company will post sales of $465.56 million, with estimates ranging from $463.12 million to $468.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Forrester Research.

Forrester Research (NASDAQ:FORR) last posted its quarterly earnings data on Thursday, October 29th. The technology company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.52. The company had revenue of $108.58 million for the quarter, compared to analyst estimates of $102.50 million. Forrester Research had a net margin of 2.75% and a return on equity of 7.50%.

A number of equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Forrester Research from a “hold” rating to a “sell” rating in a research note on Friday, December 25th. Zacks Investment Research downgraded shares of Forrester Research from a “buy” rating to a “hold” rating in a research note on Thursday, December 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Forrester Research has a consensus rating of “Hold” and a consensus price target of $46.00.

NASDAQ FORR opened at $41.90 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.70 and a current ratio of 0.70. The firm’s 50 day moving average price is $42.33 and its 200-day moving average price is $36.61. Forrester Research has a 52-week low of $22.45 and a 52-week high of $50.00. The company has a market cap of $794.59 million, a PE ratio of 63.49, a P/E/G ratio of 5.99 and a beta of 1.02.

In related news, Director Gretchen Teichgraeber sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 24th. The shares were sold at an average price of $44.00, for a total transaction of $88,000.00. Following the completion of the sale, the director now owns 22,103 shares of the company’s stock, valued at $972,532. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Galford sold 8,000 shares of the stock in a transaction that occurred on Tuesday, December 15th. The shares were sold at an average price of $42.72, for a total transaction of $341,760.00. Following the sale, the director now directly owns 38,775 shares of the company’s stock, valued at approximately $1,656,468. The disclosure for this sale can be found here. Insiders have sold 34,654 shares of company stock valued at $1,441,813 in the last three months. 42.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of FORR. Bank of Montreal Can raised its holdings in shares of Forrester Research by 160.0% in the second quarter. Bank of Montreal Can now owns 1,578 shares of the technology company’s stock worth $51,000 after buying an additional 971 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Forrester Research by 213.5% in the third quarter. BNP Paribas Arbitrage SA now owns 2,743 shares of the technology company’s stock worth $90,000 after buying an additional 1,868 shares during the last quarter. American International Group Inc. raised its holdings in shares of Forrester Research by 4.5% in the second quarter. American International Group Inc. now owns 7,715 shares of the technology company’s stock worth $247,000 after buying an additional 333 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Forrester Research in the third quarter worth $336,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Forrester Research in the third quarter worth $362,000. 48.05% of the stock is owned by institutional investors.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research, data, and advisory services company in the United States and internationally. It operates through Products, Research, and SiriusDecisions segments. Its primary syndicated research product is Research, which offers clients with access to its research designed to inform their strategic decision-making.

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