For its second fiscal quarter (ending June 30), Forrester Research Inc (NASDAQ: FORR) has reported E.P.S. of $0.33 compared to $0.28 a year ago. For the latest four quarters through June 30, E.P.S. were $0.08 compared to $0.26 a year ago.
Recent Price Action
Forrester Research Inc (NASDAQ: FORR) stock closed at $19.40 on 7/30/24 after a large increase of 2.4%. This advance was accompanied by normal trading volume. The stock has been extremely weak relative to the market over the last nine months but has risen 4.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above 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 34 and a very low Power Rating of 9, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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