Forrester Res Q4 2023 Adj EPS $0.25 Beats $0.24 Estimate, Sales $118.09M Beat $116.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forrester Research (FORR) reported Q4 2023 adjusted EPS of $0.25, surpassing the $0.24 estimate, with sales of $118.09M exceeding the $116.43M forecast. However, this represents a 13.74% decrease in sales compared to the same period last year.
February 08, 2024 | 9:22 pm
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Forrester Research reported higher than expected Q4 2023 earnings and sales, but experienced a significant decrease in sales compared to last year.
The positive earnings and sales beat could lead to a short-term positive sentiment among investors, despite the year-over-year sales decline. The decrease in sales might raise concerns, but the immediate reaction to beating estimates is generally positive.
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