Forrester Research Inc reports results for the quarter ended September 30 - Earnings Summary

• Forrester Research Inc reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 37 cents. The mean expectation of two analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 19 cents to 22 cents per share.

• Revenue fell 8.7% to $86.11 million from a year ago; analysts expected $81.76 million.

• Forrester Research Inc's reported EPS for the quarter was a loss of 23 cents​.

• The company reported a quarterly loss of $4.42 million.

• Forrester Research Inc shares had risen by 4.6% this quarter and gained 48.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 24.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the advertising & marketing peer group is "buy."

• Wall Street's median 12-month price target for Forrester Research Inc is $12.00, about 1.5% below its last closing price of $12.18

This summary was machine generated from LSEG data October 29 at 10:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)