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The latest update is out from Forrester Research ( (FORR) ).
Forrester Research announced its financial results for the fourth quarter and full year of 2024, revealing a challenging period with a 5% decline in contract value to $307.6 million, and total revenues down for both the quarter and the year. The company reported a GAAP net income of $0.4 million for the fourth quarter, an improvement from a loss in the same period the previous year, but a net loss for the full year of $5.7 million. Despite these results, 80% of Forrester’s contract value has migrated to the Forrester Decisions platform, marking a significant transition. The company aims to focus on increasing retention rates, expanding both existing and new accounts, and enhancing its events platform for growth in 2025, positioning itself for a return to contract value growth.
More about Forrester Research
Forrester Research, Inc. is a leading research and advisory firm that empowers leaders in technology, customer experience, digital, marketing, sales, and product functions. Through its unique research and continuous guidance model, Forrester helps executives and their teams achieve their initiatives and outcomes faster and with confidence.
YTD Price Performance: -3.52%
Average Trading Volume: 55,796
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $280.8M
For a thorough assessment of FORR stock, go to TipRanks’ Stock Analysis page.
