earnings
confidence high
sentiment negative
materiality 0.75
Forrester Q3 revenue $102.5M (-10% YoY); GAAP loss $0.30/share vs prior year profit
FORRESTER RESEARCH, INC.
2024-Q3 EPS reported
-$0.32
revenue$324,429,000
- Contract value $315.2M, down 5% YoY; 80% CV target on Forrester Decisions platform remains on track.
- GAAP net loss $5.8M ($0.30 loss per diluted share) vs net income $2.5M ($0.13/share) in Q3 2023.
- Adjusted net income $5.6M ($0.29/share) vs $8.6M ($0.44/share) a year ago; adjusted EPS down 34%.
- Full-year 2024 guidance reaffirmed: revenue $425-435M, adjusted EPS $1.37-1.57, operating margin ~8.5-9.5%.
- CEO cites stable CV metrics and product migration progress; goal of improved CV in 2025.