Forrester Research (FORR) Q2 Earnings Lag Estimates

Core Viewpoint - Forrester Research reported quarterly earnings of $0.68 per share, missing the Zacks Consensus Estimate of $0.70 per share, and showing a decline from $0.94 per share a year ago, indicating a negative earnings surprise of -2.86% [1] Financial Performance - Forrester Research posted revenues of $121.83 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.51%, but down from $135.59 million year-over-year [2] - The company has exceeded consensus revenue estimates two times over the last four quarters [2] Stock Performance - Forrester Research shares have declined approximately 29.4% since the beginning of the year, contrasting with the S&P 500's gain of 14.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $104.22 million, and for the current fiscal year, it is $1.58 on revenues of $440.24 million [7] - The trend of estimate revisions for Forrester Research is mixed, which may change following the recent earnings report [6] Industry Context - The Computer - Services industry, to which Forrester Research belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting potential challenges ahead [8]