Forrester Q2 revenue down 8.5% YoY; GAAP EPS $0.28 vs $0.72; guidance lowered

FORRESTER RESEARCH, INC.

2023-Q2 EPS reported $0.06 revenue$249,259,000

Q2 2023 revenue $135.6M vs $148.2M in Q2 2022, down 8.5% YoY.
GAAP net income $5.3M ($0.28 EPS) vs $13.9M ($0.72 EPS) a year ago.
Adjusted net income $18.1M ($0.94 EPS) vs $19.2M ($1.00 EPS) in prior year.
Contract value flat at $344M; 51% of CV on Forrester Decisions platform.
FY2023 guidance: rev $475-485M, GAAP EPS $0.10-0.30, adj. EPS $1.80-2.00.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORRESTER RESEARCH, INC. reported second quarter ended June 30, 2023 results: revenue $135.6 million, net income $5.3 million, EPS $0.28 per diluted share.

Period: second quarter ended June 30, 2023
Revenue: $135.6 million
Net income: $5.3 million
EPS: $0.28 per diluted share
Result: reported results

Exact text from the filing

Total revenues for the second quarter of 2023 were $135.6 million, compared with $148.2 million for the comparable quarter in 2022. On a GAAP basis, net income was $5.3 million, or $0.28 per diluted share, for the second quarter of 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORRESTER RESEARCH, INC. reported Full Year 2023 results: revenue approximately $475 million to $485 million, EPS approximately $0.10 to $0.30.

Period: Full Year 2023
Revenue: approximately $475 million to $485 million
EPS: approximately $0.10 to $0.30
Result: guidance update

Exact text from the filing

Full Year 2023 (GAAP): • Total revenues of approximately $475 million to $485 million • Operating margin of approximately 1.2% to 2.2% • Interest expense of approximately $3.0 million • An effective tax rate of approximately 43% • Earnings per share of approximately $0.10 to $0.30

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Source: SEC EDGAR

accession 0001193125-23-196096

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