The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Forrester Research's revenues will decrease -1.7% and EPS will wither -33.3%.
The average estimate for revenue is $77.8 million. On the bottom line, the average EPS estimate is $0.24.
Last quarter, Forrester Research chalked up revenue of $71.5 million. GAAP reported sales were 1.8% higher than the prior-year quarter's $70.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.21. GAAP EPS of $0.10 for Q1 were 29% lower than the prior-year quarter's $0.14 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.2%, 50 basis points better than the prior-year quarter. Operating margin was 7.0%, 150 basis points worse than the prior-year quarter. Net margin was 3.3%, 120 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $302.1 million. The average EPS estimate is $0.85.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 72 members out of 80 rating the stock outperform, and eight members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Forrester Research a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Forrester Research is hold, with an average price target of $32.33.
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