Forrester Research (NASDAQ:FORR - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.370-1.570 for the period, compared to the consensus earnings per share estimate of 1.460. The company issued revenue guidance of $425.0 million-$435.0 million, compared to the consensus revenue estimate of $430.3 million.
Forrester Research Stock Performance
NASDAQ:FORR traded up $0.27 during mid-day trading on Tuesday, reaching $14.96. 46,858 shares of the company's stock were exchanged, compared to its average volume of 117,855. Forrester Research has a one year low of $14.38 and a one year high of $27.89. The firm has a market capitalization of $285.14 million, a PE ratio of 183.63, a price-to-earnings-growth ratio of 1.19 and a beta of 0.88. The business's fifty day simple moving average is $17.02 and its two-hundred day simple moving average is $17.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.91.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Forrester Research from a "buy" rating to a "hold" rating in a research note on Tuesday, October 1st.
Read Our Latest Research Report on Forrester Research
Forrester Research Company Profile
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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.
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