For its first fiscal quarter (ending March 31), Forrester Research Inc (NASDAQ: FORR) has reported E.P.S. of $-0.35 compared to $-0.21 a year ago. This performance was $-0.56 short of the consensus estimate of $0.21. E.P.S. were $0.03 for the latest four quarters through March 31 versus $0.73 for the same period a year ago — a decline of -96%.
Recent Price Action
Forrester Research Inc (NASDAQ: FORR) stock declined by -3.7% on 4/30/24. The shares closed at $18.19. However, this decline was accompanied by below average trading volume at 76% of normal. The stock has declined -3.1% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FORR is expected to continue to be an important Value Builder.
Forrester Research has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Forrester Research has a slightly negative Appreciation Score of 33 and a very low Power Rating of 14, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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