Forrester Res FORR reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Forrester Res missed estimated earnings by 41.3%, reporting an EPS of $0.27 versus an estimate of $0.46.
Revenue was down $11.30 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 14.03% drop in the share price the next day.
Here's a look at Forrester Res's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.38 | 0.73 | 0.31 |
| EPS Actual | 0.45 | 0.57 | 1 | 0.45 |
| Revenue Estimate | 138.71M | 126.80M | 146.87M | 121.77M |
| Revenue Actual | 136.89M | 127.68M | 148.25M | 124.97M |
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.38 | 0.73 | 0.31 |
| EPS Actual | 0.45 | 0.57 | 1 | 0.45 |
| Revenue Estimate | 138.71M | 126.80M | 146.87M | 121.77M |
| Revenue Actual | 136.89M | 127.68M | 148.25M | 124.97M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Forrester Res management provided guidance for FY 2023, expecting earnings between $2.0 and $2.2 per share.
To track all earnings releases for Forrester Res visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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