Forrester Res Q2 2024 Adj. EPS $0.68 Misses $0.70 Estimate, Sales $121.825M Beat $121.210M Estimate
Portfolio Pulse from Benzinga Newsdesk
Forrester Research (NASDAQ: FORR) reported Q2 2024 adjusted EPS of $0.68, missing the $0.70 estimate, and sales of $121.825M, beating the $121.210M estimate. EPS decreased by 27.66% YoY, while sales decreased by 10.15% YoY.
July 30, 2024 | 8:52 pm
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NEGATIVE IMPACT
Forrester Research reported Q2 2024 adjusted EPS of $0.68, missing the $0.70 estimate, and sales of $121.825M, beating the $121.210M estimate. EPS decreased by 27.66% YoY, while sales decreased by 10.15% YoY.
The miss on EPS and the significant YoY decrease in both EPS and sales are likely to negatively impact investor sentiment in the short term, despite the slight beat on sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100