Forrester Research (FORR) Lags Q3 Earnings Estimates

Core Viewpoint - Forrester Research reported quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of$ 0.34 per share, and showing a decline from $0.44 per share a year ago, indicating a negative earnings surprise of -14.71% [1][2] Financial Performance - The company posted revenues of$ 102.53 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.57%, but down from $113.43 million year-over-year [2] - Over the last four quarters, Forrester Research has not surpassed consensus EPS estimates, although it has topped consensus revenue estimates three times [2] Stock Performance - Forrester Research shares have declined approximately 45.2% since the beginning of the year, contrasting with the S&P 500's gain of 19.8% [3] - The company's current consensus EPS estimate for the upcoming quarter is$ 0.31 on revenues of $106.48 million, and for the current fiscal year, it is$ 1.46 on revenues of $430.33 million [7] Industry Outlook - The Computer - Services industry, to which Forrester Research belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Forrester Research's stock may be influenced by the overall outlook of the industry [8]