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

Forrester Research (NASDAQ:FORR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.370-1.570 for the period, compared to the consensus 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.

Forrester Research Stock Up 1.8 %

Shares of NASDAQ:FORR traded up $0.27 during trading on Tuesday, reaching $14.96. The stock had a trading volume of 48,069 shares, compared to its average volume of 117,861. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $285.14 million, a P/E ratio of 187.00, a PEG ratio of 1.19 and a beta of 0.88. The firm’s 50-day simple moving average is $17.02 and its 200 day simple moving average is $17.69. Forrester Research has a one year low of $14.38 and a one year high of $27.89.

Analysts Set New Price Targets

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

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.