Forrester Research (NASDAQ:FORR) Issues Quarterly Earnings Results

Forrester Research (NASDAQ:FORR) announced its quarterly earnings data on Tuesday. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.10), Zacks reports. Forrester Research had a negative net margin of 1.55% and a positive return on equity of 5.10%.

Forrester Research Trading Up 0.3 %

FORR traded up $0.04 during trading on Tuesday, hitting $15.10. 45,969 shares of the stock traded hands, compared to its average volume of 45,300. The firm has a 50-day moving average of $15.51 and a 200 day moving average of $16.68. Forrester Research has a 12-month low of $13.91 and a 12-month high of $22.15. The firm has a market capitalization of $286.90 million, a P/E ratio of -43.14, a price-to-earnings-growth ratio of 0.97 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.98.

Analyst Ratings Changes

Separately, StockNews.com upgraded Forrester Research from a “hold” rating to a “buy” rating in a research report on Saturday, December 14th.

Forrester Research Company Profile

Forrester Research, Inc operates as an independent research and advisory company in the United States and internationally. The company operates in three segments: Research, Consulting, and Events. The Research segment primary subscription research services include Forrester Decisions, Forrester Research, and SiriusDecisions Research, which are designed to provide business and technology leaders with a proven path to growth through customer obsession.