Sidoti Csr Cuts Earnings Estimates for Forrester Research

Forrester Research, Inc. (NASDAQ:FORR) – Stock analysts at Sidoti Csr lowered their FY2024 earnings per share (EPS) estimates for Forrester Research in a research note issued to investors on Wednesday, November 6th. Sidoti Csr analyst A. Soderstrom now anticipates that the technology company will post earnings per share of $0.91 for the year, down from their previous estimate of $0.93. The consensus estimate for Forrester Research’s current full-year earnings is $0.90 per share. Sidoti Csr also issued estimates for Forrester Research’s Q4 2025 earnings at $0.31 EPS, FY2025 earnings at $1.31 EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.62 EPS, Q3 2026 earnings at $0.32 EPS and FY2026 earnings at $1.46 EPS.

Separately, StockNews.com downgraded Forrester Research from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st.

Forrester Research Price Performance

Shares of NASDAQ FORR opened at $16.95 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $323.07 million, a price-to-earnings ratio of -48.37, a price-to-earnings-growth ratio of 1.32 and a beta of 0.88. The stock’s 50-day moving average is $16.76 and its two-hundred day moving average is $17.61. Forrester Research has a 1-year low of $14.38 and a 1-year high of $27.89.

Institutional Investors Weigh In On Forrester Research

A number of large investors have recently modified their holdings of the company. Point72 DIFC Ltd grew its stake in shares of Forrester Research by 62.4% during the second quarter. Point72 DIFC Ltd now owns 1,713 shares of the technology company’s stock worth $29,000 after purchasing an additional 658 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Forrester Research during the 1st quarter worth about $186,000. Paloma Partners Management Co acquired a new stake in shares of Forrester Research during the 1st quarter worth about $222,000. Quantbot Technologies LP acquired a new position in Forrester Research in the first quarter valued at approximately $223,000. Finally, Comerica Bank increased its stake in Forrester Research by 123.3% in the first quarter. Comerica Bank now owns 11,789 shares of the technology company’s stock valued at $254,000 after purchasing an additional 6,510 shares during the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

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.