Compared to Estimates, Forrester Research (FORR) Q3 Earnings: A Look at Key Metrics

Core Insights - Forrester Research reported a revenue of $102.53 million for the quarter ended September 2024, reflecting a decline of 9.6% year-over-year, with EPS at$ 0.29 compared to $0.44 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of$ 101.94 million by 0.57%, while the EPS fell short of the consensus estimate of $0.34 by 14.71% [1] Revenue Breakdown - Revenue from Events was$ 2.09 million, significantly below the average estimate of $3.74 million, marking a year-over-year decline of 54.5% [3] - Consulting revenue reached$ 23.37 million, slightly above the average estimate of $22.57 million, but still down 17.2% year-over-year [3] - Research revenue amounted to$ 77.07 million, surpassing the average estimate of $75.63 million, with a year-over-year decline of 4.4% [3] Stock Performance - Forrester Research shares have decreased by 9.2% over the past month, contrasting with a 0.5% decline in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance against the broader market in the near term [4]