For its third fiscal quarter (ending September 30), Forrester Research Inc (NASDAQ: FORR) has reported a -331% decline in E.P.S. from $0.13 a year ago to $-0.30 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-0.35 compared to $0.10 a year ago — a decline of -450%.
Recent Price Action
Forrester Research Inc (NASDAQ: FORR) stock closed at $14.96 on 11/5/24 after an increase of 1.8%. However, trading volume in this advance was unusually low at 66% of normal. Relative to the market the stock has been weak over the last nine months but has risen 0.7% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Forrester Research has a neutral Appreciation Score of 48 but a poor Power Rating of 20, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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