Forrester Research (FORR) Releases Earnings Results, Beats Expectations By $0.11 EPS

Forrester Research (FORR) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.11. Analysts had a consensus of $0.35. The company posted revenue of $87.80 million in the period, compared to analysts expectations of $84.98 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Forrester Research opened for trading at $38.8 and hit $42.01 on the upside on Thursday, eventually ending the session at $41.3, with a gain of 7.80% or 2.99 points. The heightened volatility saw the trading volume jump to 1,57,207 shares. Company has a market cap of $736 M.

In a different news, on Aug 6, 2015, George Hornig (director) sold 1,801 shares at $33.23 per share price. According to the SEC, on May 19, 2015, Robert Galford (director) sold 8,800 shares at $33.99 per share price. On Feb 5, 2015, Scott Chouinard (Chief Accounting Officer) sold 342 shares at $38.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Forrester Research Inc. (Forrester) is an independent research company that provides pragmatic and forward-thinking advice to global leaders in business and technology. Forrester’s products and services include RoleView Research which provides clients with access to its core syndicated research designed to inform the strategic decision-making; Forrester Leadership Boards are peer groups for executives and other senior leaders at organizations across the world; Data Products & Services which focus on consumers’ and business users’ attitudes about and behavior toward technology including ownership future purchases and adoption trends; Forrester Consulting which leverage its RoleView research Technographics and CX Index data to deliver focused insights and recommendations. and Forrester Events in which the Company hosts multiple events in various locations in North America Europe and Asia throughout the year.

Forrester Research

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