Forrester Research Q3 revenue, adjusted EPS fall

Overview

• Research and advisory firm's Q3 revenue fell yr/yr to $86.11 mln

• Adjusted EPS for Q3 declined to $0.24 from $0.37 a year earlier

• Contract value dropped 3.5% yr/yr; company cites expense management and stock buybacks

Outlook

• Forrester sees 2026 revenue at $350 mln to $360 mln, down 11.8% to 9.3% yr/yr

• Company expects 2026 adjusted diluted EPS of $0.77 to $0.82

• Forrester raises the low end of its 2026 EPS guidance

Result Drivers

• PRODUCT LAUNCHES - New AI-focused products, including AI Access Plus, Team Solutions, and a Claude integration, were introduced to give clients more flexibility and support decision-making

• EXPENSE MANAGEMENT - CEO cited prudent expense management as a factor supporting results

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• 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 0.3% below its October 28 closing price of $12.04

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)