Forrester Res (NASDAQ:FORR) reported its Q4 earnings results on Thursday, February 8, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Forrester Res beat estimated earnings by 4.17%, reporting an EPS of $0.25 versus an estimate of $0.24.
Revenue was down $18.80 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.09 which was followed by a 5.27% drop in the share price the next day.
Here's a look at Forrester Res's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.35 | 0.71 | 0.46 | 0.33 |
| EPS Actual | 0.44 | 0.94 | 0.27 | 0.45 |
| Revenue Estimate | 113.44M | 128.99M | 121.54M | 138.71M |
| Revenue Actual | 113.43M | 135.59M | 113.67M | 136.89M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Forrester Res management provided guidance for FY 2024, expecting earnings between $1.5 and $1.7 per share.
To track all earnings releases for Forrester Res visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.