Forrester Research Sees FY23 Revenues $475M-$485M Vs $481.19M Est; Sees GAAP EPS $0.10-$0.30
Portfolio Pulse from Benzinga Newsdesk
Forrester Research has projected its FY23 revenues to be between $475M-$485M, compared to an estimate of $481.19M. The company also expects a GAAP EPS of $0.10-$0.30, an operating margin of 1.2% to 2.2%, an interest expense of approximately $3.1 million, and an effective tax rate of approximately 50%.
October 26, 2023 | 9:21 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Forrester's FY23 revenue projection is slightly above the estimate, which could be seen as a positive signal by investors. However, the wide range of expected GAAP EPS might introduce some uncertainty.
Forrester's revenue projection is slightly above the estimate, which could be seen as a positive signal by investors. However, the wide range of expected GAAP EPS, from $0.10 to $0.30, introduces some uncertainty. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100