Forrester Research (NASDAQ:FORR) Issues Quarterly Earnings Results

Forrester Research (NASDAQ:FORR) issued its quarterly earnings data on Tuesday. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10), Zacks reports. Forrester Research had a negative net margin of 1.55% and a positive return on equity of 5.10%.

Forrester Research Price Performance

Shares of NASDAQ FORR traded up $0.04 during midday trading on Tuesday, reaching $15.10. The stock had a trading volume of 46,149 shares, compared to its average volume of 45,840. The company has a market capitalization of $286.90 million, a price-to-earnings ratio of -43.14, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. Forrester Research has a 12-month low of $13.91 and a 12-month high of $22.15. The stock has a 50-day moving average of $15.51 and a 200-day moving average of $16.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98.

Analyst Ratings Changes

Separately, StockNews.com raised Forrester Research from a “hold” rating to a “buy” rating in a report on Saturday, December 14th.

About Forrester Research

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.