Forrester Q3 2021 revenue $118.1M, GAAP EPS $0.23; raises full-year guidance

FORRESTER RESEARCH, INC.

2021-Q3 EPS reported $0.87 revenue$360,587,000

Revenue $118.1M (+9% YoY); total contract value up 12% to $331M.
GAAP net income $4.5M ($0.23 EPS) vs net loss $3.8M (-$0.20) YoY; adjusted EPS $0.41 vs $0.24.
Board authorized $50M increase in stock repurchase program, total authorization ~$100M.
Raised full-year 2021 revenue guidance to $492-497M and adjusted EPS to $2.04-2.10.
Q4 guidance: revenue $131-136M, adjusted EPS $0.53-0.59.

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