Forrester Research FY23 Adj Compensation Expense $15M-$15.5M
Portfolio Pulse from Benzinga Newsdesk
Forrester Research has released its adjusted financial guidance for FY23, excluding stock-based compensation expense of $15.0 million to $15.5 million, amortization of acquisition-related intangible assets of approximately $12.0 million, restructuring costs of approximately $12.2 million, a legal settlement of $4.8 million, and any investment gains or losses. The company expects an adjusted operating margin of approximately 10.5% to 11.5%, an adjusted effective tax rate of approximately 29%, and adjusted diluted earnings per share of approximately $1.80 to $2.00.

October 26, 2023 | 9:22 pm
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POSITIVE IMPACT
Forrester Research's FY23 guidance indicates a strong financial performance, excluding various costs. This could potentially boost investor confidence and positively impact the company's stock price in the short term.
The company's FY23 guidance, which excludes various costs, indicates a strong financial performance. This could potentially boost investor confidence, leading to an increase in demand for the company's stock and a subsequent rise in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100