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Forrester Research Earnings Calls

Q1 2025 Beat
$0.110 (37.50%)
Release date May 06, 2025
EPS estimate $0.0800
EPS actual $0.110
EPS Surprise 37.50%
Revenue estimate 90.696M
Revenue actual 89.876M
Revenue Surprise -0.90%
Q4 2024 Beat
$0.360 (5.88%)
Release date Feb 11, 2025
EPS estimate $0.340
EPS actual $0.360
EPS Surprise 5.88%
Revenue estimate 106.249M
Revenue actual 108.041M
Revenue Surprise 1.69%
Q3 2024 Missed
$0.290 (-14.71%)
Release date Nov 05, 2024
EPS estimate $0.340
EPS actual $0.290
EPS Surprise -14.71%
Revenue estimate 101.94M
Revenue actual 102.527M
Revenue Surprise 0.576%
Q2 2024 Missed
$0.680 (-2.86%)
Release date Jul 30, 2024
EPS estimate $0.700
EPS actual $0.680
EPS Surprise -2.86%
Revenue estimate 121.21M
Revenue actual 121.825M
Revenue Surprise 0.507%

Last 4 Quarters for Forrester Research

Below you can see how FORR performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Missed
Release date Jul 30, 2024
Fiscal end date Jun 30, 2024
Price on release $19.40
EPS estimate $0.700
EPS actual $0.680
EPS surprise -2.86%
Date Price
Jul 24, 2024 $18.30
Jul 25, 2024 $19.14
Jul 26, 2024 $19.25
Jul 29, 2024 $18.94
Jul 30, 2024 $19.40
Jul 31, 2024 $20.19
Aug 01, 2024 $19.03
Aug 02, 2024 $19.04
Aug 05, 2024 $18.69
4 days before 6.01%
4 days after -3.66%
On release day 4.07%
Change in period 2.13%
Q3 2024 Missed
Release date Nov 05, 2024
Fiscal end date Sep 30, 2024
Price on release $14.96
EPS estimate $0.340
EPS actual $0.290
EPS surprise -14.71%
Date Price
Oct 30, 2024 $15.06
Oct 31, 2024 $14.67
Nov 01, 2024 $14.59
Nov 04, 2024 $14.69
Nov 05, 2024 $14.96
Nov 06, 2024 $16.00
Nov 07, 2024 $16.44
Nov 08, 2024 $16.24
Nov 11, 2024 $16.95
4 days before -0.664%
4 days after 13.30%
On release day 6.95%
Change in period 12.55%
Q4 2024 Beat
Release date Feb 11, 2025
Fiscal end date Dec 31, 2024
Price on release $15.10
EPS estimate $0.340
EPS actual $0.360
EPS surprise 5.88%
Date Price
Feb 05, 2025 $14.82
Feb 06, 2025 $14.73
Feb 07, 2025 $14.75
Feb 10, 2025 $15.06
Feb 11, 2025 $15.10
Feb 12, 2025 $13.27
Feb 13, 2025 $13.15
Feb 14, 2025 $13.22
Feb 18, 2025 $12.72
4 days before 1.89%
4 days after -15.76%
On release day -12.12%
Change in period -14.17%
Q1 2025 Beat
Release date May 06, 2025
Fiscal end date Mar 31, 2025
Price on release $9.72
EPS estimate $0.0800
EPS actual $0.110
EPS surprise 37.50%
Date Price
Apr 30, 2025 $9.35
May 01, 2025 $9.53
May 02, 2025 $9.56
May 05, 2025 $9.73
May 06, 2025 $9.72
May 07, 2025 $10.16
May 08, 2025 $10.71
May 09, 2025 $10.10
May 12, 2025 $10.46
4 days before 3.96%
4 days after 7.61%
On release day 4.53%
Change in period 11.87%

Forrester Research Earnings Call Transcript Summary of Q1 2025

Investor Summary of Forrester's Q1 2025 Earnings Call

Overall Performance:

  • Revenue Decline: Forrester reported Q1 2025 revenue of $89.9 million, a 10% decrease from the prior year, attributed to economic uncertainty and reduced contract value (CV), which dropped by 7%.
  • EPS and Margins: Despite the decline in revenue, EPS of $0.11 exceeded analyst expectations, and operating margins remained strong due to cost control measures.

Key Financial Metrics:

  • Cash Flow: Positive free cash flow of $26.1 million, demonstrating effective cash management.
  • Contract Value (CV) Outlook: Expected to remain flat to slightly down for the year, with an anticipated range for total revenue between $400 million and $415 million.
  • Goodwill Impairment: Reported a non-cash goodwill impairment charge of approximately $84 million due to stock price decline impacting market cap below book value.

Market Conditions and Challenges:

  • Economic Environment: The company is navigating through economic volatility and governmental cost-cutting measures, particularly in sectors such as manufacturing and retail, which have been adversely affected by tariffs and budget tightening.
  • Government Contracts: Existing cancellations in federal government contracts are minimal (less than 6% of total contract values); however, new business in this sector is expected to be challenging throughout the year.

Strategic Initiatives:

  • Forrester Decisions Transition: The transition to the Forrester Decisions platform is aimed at optimizing the go-to-market strategy. Sales activities are increasing, with improved sales pipelines expected to enhance results in the latter half of the fiscal year.
  • Focus on Research and AI: A new wave of research aimed at managing volatility has been launched, particularly focusing on AI and cybersecurity, which aligns with government interests. Forrester is expanding its artificial intelligence research and enhancing its proprietary large language model, Izola.

Sales and Retention:

  • Sales Improvements: Sales pipeline has seen a 33% increase on a per account executive basis, with a reinvigorated sales methodology in place.
  • Client Retention: A record 73% of CV is now from multi-year contracts. However, dollar wallet retention fell to 86%, reflecting macroeconomic pressures.

Guidance and Future Outlook:

  • Despite challenges, management retained its revenue guidance and indicated a balanced view of risks and opportunities.
  • Operating margins are projected to be in the range of 8% to 9% for 2025, with EPS expected to be between $1.20 and $1.35.

Upcoming Events:

  • Forrester will host CX events in Europe and North America, which are shaping up positively in terms of attendee growth.

Conclusion:

Forrester is facing several economic challenges but is actively working on strategic adjustments in sales and product offerings, focusing on AI and cybersecurity. The company is committed to maintaining its revenue guidance amid macroeconomic uncertainty. Investors should monitor ongoing sales improvements, client retention strategies, and market conditions as they unfold throughout the year.

Forrester Research Earnings History

Earnings Calendar

FAQ

When is the earnings report for FORR?
Forrester Research (FORR) has scheduled its earnings report for Jul 29, 2025 after the markets close.

What is the FORR price-to-earnings (P/E) ratio?
FORR P/E ratio as of May 23, 2025 (TTM) is -2.33.

What is the FORR EPS forecast?
The forecasted EPS (Earnings Per Share) for Forrester Research (FORR) for the first fiscal quarter 2025 is $0.510.

What are Forrester Research's retained earnings?
On its balance sheet, Forrester Research reported retained earnings of $89.88 million for the latest quarter ending Mar 31, 2025.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT FORRESTER RESEARCH
Forrester Research
Forrester Research, Inc. operates as an independent research and advisory services company. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research portfolio services include Forrester Research, SiriusDecisions Research, and Forrester Decisions, which are designed to provide business and technology leaders with a proven path to growth through customer obsession. This segment del...
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