Forrester Research (Nasdaq: FORR) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Forrester Research beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share shrank. GAAP earnings per share dropped significantly.

Gross margins expanded, operating margins dropped, net margins dropped.

Revenue details
 Forrester Research tallied revenue of $71.5 million. The three analysts polled by S&P Capital IQ predicted sales of $67.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.21. The three earnings estimates compiled by S&P Capital IQ forecast $0.12 per share. Non-GAAP EPS of $0.21 for Q1 were 4.5% lower than the prior-year quarter's $0.22 per share. 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.

Margin details
 For the 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. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $76.5 million. On the bottom line, the average EPS estimate is $0.22.

Next year's average estimate for revenue is $299.7 million. The average EPS estimate is $0.84.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 67 members out of 75 rating the stock outperform, and eight members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Forrester Research a green thumbs-up, and three 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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