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Forrester Research (FORR)
NASDAQ:FORR
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.34Last Year’s EPS
$0.25Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 2.27%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects mixed results with significant progress in the Forrester Decisions migration and AI initiatives, but facing challenges in revenue decline, particularly in consulting and events, and negative cash flow.Company Guidance
During Forrester's Q3 2024 earnings call, guidance for the year remained unchanged, despite a challenging macroeconomic environment. The company reported a 10% decline in revenue and a 5% decrease in contract value (CV) for the quarter, with expectations for year-end CV to be flat or slightly down. Retention metrics showed stabilization, with wallet retention at 89% and client retention slightly improved. Forrester Decisions, central to the company's strategy, accounted for 78% of CV, with a target of over 80% by year-end. Operating margins were projected to remain between 8.5% and 9.5%, and full-year earnings per share were expected to be between $1.37 and $1.57. Despite these challenges, the company expressed confidence in its future, citing progress in its sales strategy and a positive outlook for technology budgets in 2025.Forrester Decisions Migration Progress
78% of contract value (CV) is now in Forrester Decisions, with expectations to exceed 80% by year-end, nearing the completion of a 4-year migration journey.
Successful Large Deals
Secured a $5 million 2-year deal with a multinational tech company in Asia Pacific and a $1.6 million Forrester Decisions contract with a government agency.
Introduction of New AI Services
Launched FD service for data, AI, and analytics leaders in Q3 to meet growing demand for AI strategies, platforms, governance, and data-driven decisions.
Izola AI Platform Adoption
Izola, Forrester's generative AI research portal, is now the third most used feature, with a 40% increase in prompts quarter-over-quarter.
Stable Retention Metrics
Wallet retention remains stable at 89%, with client retention slightly increasing.
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FORR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FORR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $14.96 | $16.00 | +6.95% |
| Jul 30, 2024 | $19.40 | $20.19 | +4.07% |
| Apr 30, 2024 | $18.19 | $17.61 | -3.19% |
| Feb 08, 2024 | $23.14 | $21.44 | -7.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Forrester Research (FORR) report earnings?
Forrester Research (FORR) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Forrester Research (FORR) earnings time?
Forrester Research (FORR) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FORR EPS forecast?
FORR EPS forecast for the fiscal quarter 2024 (Q4) is $0.34.
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