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

The 10-second takeaway
 For the quarter ended June 30 (Q2), Forrester Research met expectations on revenues and beat expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
 Forrester Research notched revenue of $78.2 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $77.8 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 $0.31. The two earnings estimates compiled by S&P Capital IQ predicted $0.24 per share. Non-GAAP EPS of $0.31 for Q2 were 14% lower than the prior-year quarter's $0.36 per share. GAAP EPS of $0.26 for Q2 were 24% lower than the prior-year quarter's $0.34 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 60.6%, 170 basis points worse than the prior-year quarter. Operating margin was 11.9%, 270 basis points worse than the prior-year quarter. Net margin was 7.2%, 260 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $70.8 million. On the bottom line, the average EPS estimate is $0.15.

Next year's average estimate for revenue is $299.2 million. The average EPS estimate is $0.85.

Investor sentiment
 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 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 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 $36.00.

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