Forrester Res Q3 Adj EPS $0.44 Beats $0.35 Estimate, Sales $113.43M Miss $113.44M Estimate
Portfolio Pulse from saritha@benzinga.com
Forrester Res (NASDAQ:FORR) reported Q3 earnings of $0.44 per share, beating the analyst consensus estimate of $0.35 by 25.71%. However, this is a 22.81% decrease from the same period last year. The company's quarterly sales of $113.43 million missed the analyst consensus estimate of $113.44 million by 0.01%, marking an 11.16% decrease from the same period last year.
October 26, 2023 | 8:10 pm
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Forrester Res beat Q3 earnings estimates but missed on sales, which also decreased from the same period last year.
While Forrester Res beat earnings estimates, the miss on sales and the year-over-year decrease in both earnings and sales could have a mixed impact on the stock. Investors may be pleased with the earnings beat, but concerned about the sales miss and overall decrease.
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