Forrester Res Q2 Adj EPS $0.94 Beats $0.71 Estimate, Sales $135.59M Beat $128.99M Estimate
Portfolio Pulse from vinayak@benzinga.com
Forrester Res (NASDAQ:FORR) reported Q2 earnings of $0.94 per share, beating the analyst consensus estimate of $0.71 by 32.39%. However, this is a 6% decrease from the same period last year. The company also reported quarterly sales of $135.59 million, beating the estimate of $128.99 million by 5.12%, but this is an 8.54% decrease from the same period last year.
July 27, 2023 | 8:19 pm
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NEUTRAL IMPACT
Forrester Res reported better than expected Q2 earnings and sales, but both are down compared to the same period last year.
While Forrester Res beat the estimates for Q2 earnings and sales, the fact that both are down compared to the same period last year could have a neutral impact on the stock. Investors may be pleased with the beat, but concerned about the year-over-year decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100