Forrester Research (FORR) Releases Q1 2019 Earnings Guidance

Forrester Research (NASDAQ:FORR) updated its first quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $-0.06–0.06 for the period, compared to the Thomson Reuters consensus estimate of $0.24. The company issued revenue guidance of $95-100 million, compared to the consensus revenue estimate of $81.74 million.Forrester Research also updated its FY 2019 guidance to $1.55-1.67 EPS.

Several research firms recently weighed in on FORR. Zacks Investment Research upgraded Forrester Research from a hold rating to a buy rating and set a $50.00 price objective for the company in a report on Friday, February 1st. ValuEngine upgraded Forrester Research from a hold rating to a buy rating in a report on Wednesday, November 7th. BidaskClub upgraded Forrester Research from a sell rating to a hold rating in a report on Tuesday, December 25th. Finally, Barrington Research restated a hold rating on shares of Forrester Research in a report on Thursday, October 25th.

FORR traded up $0.23 on Wednesday, hitting $46.82. The company had a trading volume of 69,808 shares, compared to its average volume of 61,347. Forrester Research has a 12-month low of $36.19 and a 12-month high of $50.00. The firm has a market capitalization of $832.11 million, a PE ratio of 56.41, a price-to-earnings-growth ratio of 3.14 and a beta of 0.52.

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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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