Research Analysts Issue Forecasts for FORR FY2024 Earnings

Forrester Research, Inc. (NASDAQ:FORR) – Stock analysts at Sidoti Csr dropped their FY2024 earnings per share estimates for Forrester Research in a research report issued to clients and investors on Wednesday, November 6th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will post earnings per share of $0.91 for the year, down from their prior forecast of $0.93. The consensus estimate for Forrester Research’s current full-year earnings is $0.91 per share. Sidoti Csr also issued estimates for Forrester Research’s Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.31 EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.32 EPS and FY2026 earnings at $1.46 EPS.

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

Forrester Research Stock Down 1.2 %

Shares of NASDAQ FORR opened at $16.24 on Monday. Forrester Research has a 1 year low of $14.38 and a 1 year high of $27.89. The firm’s 50-day moving average is $16.76 and its 200-day moving average is $17.61. 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 firm has a market capitalization of $309.53 million, a PE ratio of -46.40, a price-to-earnings-growth ratio of 1.30 and a beta of 0.88.

Institutional Investors Weigh In On Forrester Research

A number of institutional investors have recently made changes to their positions in FORR. GSA Capital Partners LLP lifted its stake in Forrester Research by 31.2% in the third quarter. GSA Capital Partners LLP now owns 96,288 shares of the technology company’s stock valued at $1,734,000 after buying an additional 22,898 shares during the period. Ballentine Partners LLC raised its position in shares of Forrester Research by 1.7% in the 3rd quarter. Ballentine Partners LLC now owns 254,399 shares of the technology company’s stock valued at $4,582,000 after acquiring an additional 4,342 shares during the period. Creative Planning grew its holdings in Forrester Research by 66.1% during the third quarter. Creative Planning now owns 26,772 shares of the technology company’s stock valued at $482,000 after purchasing an additional 10,651 shares during the period. Point72 DIFC Ltd increased its stake in Forrester Research by 62.4% in the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock valued at $29,000 after purchasing an additional 658 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Forrester Research by 134.7% in the second quarter. Millennium Management LLC now owns 274,440 shares of the technology company’s stock worth $4,687,000 after purchasing an additional 157,510 shares during the period. 55.20% of the stock is owned by institutional investors and hedge funds.

About Forrester Research

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.