earnings
confidence high
sentiment negative
materiality 0.75
Forrester Q2 revenue down 10% to $121.8M; lowers FY2024 guidance, CV down 3% YoY
FORRESTER RESEARCH, INC.
2024-Q2 EPS reported
-$0.02
revenue$221,902,000
- Q2 total revenues $121.8M vs $135.6M in Q2 2023; GAAP EPS $0.33 vs $0.28; adjusted EPS $0.68 vs $0.94.
- Contract value $323.0M, down 3% YoY; CEO cites stabilizing CV but non-CV consulting and events challenged.
- Full-year 2024 guidance lowered: revenues $425-435M, adjusted EPS $1.37-$1.57.
- Operating margin guidance 1.2%-2.2% GAAP, 8.5%-9.5% adjusted; restructuring costs expected $7M.