Last Updated: 09 Nov 2024
Executive Summary
Forrester Research Inc. (FORR) is a leading provider of research and advisory services to businesses and technology professionals. The company's latest financial results show mixed performance, with revenue declining slightly but earnings growing significantly. Analysts are generally positive on the stock, with a consensus rating of "Hold." The stock is currently trading at $16.24, below its 52-week high of $27.89.
Company Overview
Forrester Research is an independent research and advisory services company that provides insights and advice to businesses and technology professionals. The company's services include market research, consulting, and training. Forrester Research is headquartered in Cambridge, Massachusetts and has operations in over 20 countries.
Fundamental Analysis
Forrester Research's financial results for the most recent quarter were mixed. Revenue declined by 0.096% year-over-year to $442.5 million. However, earnings per share grew by 19.2% to -$0.35. The company's profit margin was -0.0155%, and its operating margin was 0.0193%.
Forrester Research's financial health is generally strong. The company has a low debt-to-equity ratio of 0.14 and a current ratio of 1.23. The company's cash flow from operations is also strong, at $44.2 million for the most recent quarter.
Technical Analysis
Forrester Research's stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 36.4, which indicates that the stock is oversold.
Short Term Outlook
Analysts are generally positive on Forrester Research's short-term outlook. The company's financial results are improving, and the stock is trading at a discount to its 52-week high. Analysts expect the stock to trade in a range of $15 to $18 in the near term.
Long Term Outlook
Analysts are also positive on Forrester Research's long-term outlook. The company is a leader in the research and advisory services industry, and it is well-positioned to benefit from the growing demand for data and insights. Analysts expect the stock to trade in a range of $20 to $25 in the long term.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on Forrester Research. Two analysts have a rating of "Hold," while no analysts have a rating of "Strong Buy" or "Buy."
