$0.51 EPS Expected for Forrester Research, Inc. (FORR) This Quarter

Wall Street analysts predict that Forrester Research, Inc. (NASDAQ:FORR) will report $0.51 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Forrester Research’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.51. Forrester Research posted earnings of $0.32 per share in the same quarter last year, which would suggest a positive year over year growth rate of 59.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Forrester Research will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.36. For the next financial year, analysts forecast that the company will report earnings of $1.60 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Forrester Research.

Forrester Research (NASDAQ:FORR) last released its quarterly earnings results on Wednesday, October 24th. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $84.89 million for the quarter, compared to analysts’ expectations of $83.52 million. Forrester Research had a return on equity of 8.50% and a net margin of 3.46%.

Several research analysts have weighed in on FORR shares. BidaskClub upgraded Forrester Research from a “hold” rating to a “buy” rating in a research note on Tuesday, August 21st. ValuEngine upgraded Forrester Research from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th. Zacks Investment Research upgraded Forrester Research from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Finally, Barrington Research reiterated a “hold” rating on shares of Forrester Research in a research note on Tuesday, October 16th.

Several hedge funds have recently made changes to their positions in the business. Martingale Asset Management L P grew its stake in shares of Forrester Research by 3.2% in the 2nd quarter. Martingale Asset Management L P now owns 41,304 shares of the technology company’s stock valued at $1,733,000 after purchasing an additional 1,300 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Forrester Research by 3.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 51,092 shares of the technology company’s stock valued at $2,144,000 after purchasing an additional 1,548 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Forrester Research by 6.3% in the 3rd quarter. Wells Fargo & Company MN now owns 34,048 shares of the technology company’s stock valued at $1,563,000 after purchasing an additional 2,025 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Forrester Research by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 80,746 shares of the technology company’s stock valued at $3,347,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Forrester Research by 10.3% in the 3rd quarter. Legal & General Group Plc now owns 22,691 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 2,118 shares during the last quarter. Institutional investors own 58.63% of the company’s stock.

NASDAQ:FORR opened at $44.66 on Wednesday. The company has a market cap of $794.30 million, a P/E ratio of 66.91, a PEG ratio of 3.90 and a beta of 0.57. Forrester Research has a 52-week low of $36.19 and a 52-week high of $50.00.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. Forrester Research’s dividend payout ratio (DPR) is currently 96.39%.

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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