Forrester Research (NASDAQ:FORR) Posts Earnings Results, Misses Expectations By $0.16 EPS

Forrester Research (NASDAQ:FORR) announced its quarterly earnings results on Wednesday. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16), FiscalAI reports. The company had revenue of $85.45 million for the quarter, compared to the consensus estimate of $83.28 million. Forrester Research had a negative net margin of 13.74% and a positive return on equity of 6.18%. Forrester Research updated its FY 2026 guidance to 0.720-0.820 EPS.

Here are the key takeaways from Forrester Research’s conference call:

• Retention and key metrics improved (wallet retention 89%, client retention 78%, multi?year deals 72%) and management raised the low end of full?year revenue guidance to a range of $350M–$360M as CV declines slowed to 3% in Q1.
• Forrester AI gained momentum with a model upgrade (conversational, transparent reasoning, 197 languages), Microsoft Teams and Copilot integrations, and usage up ~55% YoY (prompt volume +65%), driving product adoption.
• Total revenue fell 5% to $85.5M, research was down 2% and consulting down 13% (reflecting the decision to exit the strategy consulting business), while adjusted operating income swung to a loss (?$0.9M) and EPS was ?$0.04.
• Liquidity remained strong with ~$19M free cash flow in the quarter (?$25M excl. one?time HQ CapEx), cash of ~$145M, only $35M of debt, and an extended credit facility to March 2029.
• Events and go?to?market execution showed early traction (B2B Summit attendees +10%, stronger sponsorship bookings), sales reorganized around six industries and CV productivity per rep rose ~6% YoY, supporting management’s view of a recovery in CV.

Forrester Research Price Performance

Shares of Forrester Research stock traded up $0.34 during midday trading on Friday, reaching $6.87. The company had a trading volume of 41,099 shares, compared to its average volume of 123,106. The stock has a fifty day moving average price of $5.94 and a 200 day moving average price of $6.94. Forrester Research has a fifty-two week low of $4.88 and a fifty-two week high of $11.57. The firm has a market cap of $131.77 million, a PE ratio of -2.43, a P/E/G ratio of 1.18 and a beta of 0.99.

Analyst Ratings Changes

FORR has been the topic of a number of research reports. Zacks Research raised shares of Forrester Research from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forrester Research in a report on Friday, March 27th. Finally, Wall Street Zen lowered Forrester Research from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Forrester Research

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in Forrester Research by 402.0% in the third quarter. BNP Paribas Financial Markets now owns 6,190 shares of the technology company’s stock valued at $66,000 after buying an additional 4,957 shares during the period. Occudo Quantitative Strategies LP acquired a new position in shares of Forrester Research in the 4th quarter valued at about $93,000. Corient Private Wealth LLC bought a new stake in shares of Forrester Research during the 4th quarter valued at about $93,000. Wells Fargo & Company MN grew its stake in Forrester Research by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 12,842 shares of the technology company’s stock worth $104,000 after purchasing an additional 4,058 shares during the period. Finally, Marshall Wace LLP bought a new stake in Forrester Research in the second quarter worth approximately $131,000. 55.20% of the stock is owned by institutional investors.

About Forrester Research

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.