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    Forrester Research Inc (FORR)

    Official site

    INDUSTRIALS • CONSULTING SERVICES • NASDAQ

    $11.94
    +0.22 (+1.92%)

    Market Cap: $223.71M

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    79%(31/39)
    Avg Surprise
    +32.44%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.20
    Range$0.19 - $0.22
    2 analysts
    EPS RevisionsNo revisions (7d)
    0
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$0.27-24.1%
    60d ago$0.200.0%
    30d ago$0.200.0%
    7d ago$0.200.0%
    Current$0.20
    Revenue Consensus
    $82M
    Range$81M - $83M
    2 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.19
    Range$0.18 - $0.20
    2 analysts
    Revenue Consensus
    $93M
    Range$93M - $93M
    2 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.19---
    Sep 26EST
    		-$0.20---
    Jun 26
    Reported Jul 30
    		$0.28$0.17+64.71%Beat-45.1%
    Mar 26
    Reported May 6
    		$-0.04N/A-133.33%Miss-136.4%
    Dec 25
    Reported Feb 12
    		$0.17$0.21-19.05%Miss-52.8%
    Sep 25
    Reported Oct 30
    		$0.37$0.31+19.35%Beat+27.6%
    Jun 25
    Reported Jul 31
    		$0.51$0.50+2.00%Beat-25.0%
    Mar 25
    Reported May 6
    		$0.11$0.08+37.50%Beat-21.4%
    Dec 24
    Reported Feb 11
    		$0.36$0.34+5.88%Beat+44.0%
    Sep 24
    Reported Nov 5
    		$0.29$0.34-14.71%Miss-34.1%
    Jun 24
    Reported Jul 30
    		$0.68$0.70-2.86%Miss-27.7%
    Mar 24
    Reported Apr 30
    		$0.14$0.22-36.36%Miss-48.1%
    Dec 23
    Reported Feb 8
    		$0.25$0.26-3.85%Miss-44.4%
    Sep 23
    Reported Oct 26
    		$0.44$0.34+29.41%Beat-22.8%
    Jun 23
    Reported Jul 27
    		$0.94$0.73+28.77%Beat-6.0%
    Mar 23
    Reported May 4
    		$0.27$0.42-35.71%Miss-40.0%
    Dec 22
    Reported Feb 9
    		$0.45$0.33+36.36%Beat-23.7%
    Sep 22
    Reported Nov 2
    		$0.57$0.38+50.00%Beat+39.0%
    Jun 22
    Reported Jul 28
    		$1.00$0.74+35.14%Beat+51.5%
    Mar 22
    Reported May 5
    		$0.45$0.31+45.16%Beat+0.0%
    Dec 21
    Reported Feb 10
    		$0.59$0.56+5.36%Beat+68.6%
    Sep 21
    Reported Nov 3
    		$0.41$0.26+57.69%Beat+70.8%
    Jun 21
    Reported Jul 28
    		$0.66$0.56+17.86%Beat+1.5%
    Mar 21
    Reported May 5
    		$0.45$0.18+150.00%Beat+21.6%
    Dec 20
    Reported Feb 11
    		$0.35$0.31+12.90%Beat-38.6%
    Sep 20
    Reported Oct 29
    		$0.24$0.10+140.00%Beat-29.4%
    Jun 20
    Reported Jul 30
    		$0.65$0.27+140.74%Beat+0.0%
    Mar 20
    Reported May 7
    		$0.37$0.11+236.36%Beat+362.5%
    Dec 19
    Reported Feb 13
    		$0.57$0.49+16.33%Beat+9.6%
    Sep 19
    Reported Oct 24
    		$0.34$0.29+17.24%Beat+3.0%
    Jun 19
    Reported Jul 31
    		$0.65$0.60+8.33%Beat+22.6%
    Mar 19
    Reported Apr 30
    		$0.08$-0.04+300.00%Beat+900.0%
    Dec 18
    Reported Feb 13
    		$0.52$0.51+1.96%Beat+62.5%
    Sep 18
    Reported Oct 24
    		$0.33$0.29+13.79%Beat+6.5%
    Jun 18
    Reported Jul 27
    		$0.53$0.38+39.47%Beat+26.2%
    Mar 18
    Reported Apr 26
    		$-0.01N/A-116.67%Miss-105.9%
    Dec 17
    Reported Feb 7
    		$0.32$0.31+3.23%Beat-15.8%
    Sep 17
    Reported Oct 25
    		$0.31$0.24+29.17%Beat-
    Jun 17
    Reported Jul 26
    		$0.42$0.34+23.53%Beat-
    Mar 17
    Reported Apr 26
    		$0.17$0.15+13.33%Beat-
    Dec 16
    Reported Feb 8
    		$0.38$0.26+46.15%Beat-

    Dividends

    Dividend Metrics

    Forward Yield0.00%
    Forward Annual Dividend$0.00
    Payout Ratio0.00%
    FrequencyQuarterly
    No dividend payments in the selected period.

    Key Metrics

    Valuation
    P/E Ratio15.30EV/EBITDAN/A
    Price/FCF76.35xFCF Yield1.31%
    Profitability
    Profit Margin-11.20%Operating Margin5.45%
    ROE-30.30%ROIC-26.42%
    Financial Health
    Debt/Equity0.29xInterest Coverage1.61x
    Current Ratio1.06xQuick Ratio1.06x
    Trading Statistics
    Beta1.00Avg Volume111.99K
    52-Week High$12.7552-Week Low$4.88

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$11.48
    SMA 20$11.49
    SMA 50$11.72
    SMA 200$8.37
    EMA 10$11.61
    EMA 20$11.58
    EMA 50$11.29
    EMA 200$9.39

    MACD

    Line: 0.03Signal: -0.02Hist: 0.05

    ADX

    ADX: 15.9+DI: 25.4-DI: 16.1

    Aroon & PSAR

    Aroon Up100.0
    Aroon Down68.0
    PSAR$10.94

    Bollinger Bands

    Upper Band$11.99
    Lower Band$10.99
    %B Position871%(Upper)
    Band Width0.95

    RSI (14-Day)

    Neutral
    56.8

    Momentum Oscillators

    Stoch %K78.9
    Stoch %D72.8
    Williams %R-27.9
    ROC (10d)2.8%
    Momentum0.33
    CCI (20d)191.4
    MFI (14d)50.6

    Volatility Measures

    ATR (14d)$0.47(3.9%)
    StdDev (20d)0.25
    Hist Vol34.6%(Moderate)

    Volume Flow

    VWAP$12.02
    OBV3.3M
    AD Line2.9M
    CMF (20d)-0.106

    Volume Metrics

    Avg Vol (20d)113.3K
    Vol Ratio0.8x
    VWMA (20d)$11.47

    Pivot Points

    R3$12.03
    R2$11.97
    R1$11.84
    Pivot Point$11.77
    S1$11.64
    S2$11.58
    S3$11.45

    Advanced Oscillators

    TSI1.69
    Ultimate Osc52.1
    KST-25.86

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$100.23M$85.45M$101.06M$94.30M$111.66M$89.88M$108.04M$102.53M$121.83M$100.08M$118.09M$113.43M
    Cost of Revenue$43.72M$38.63M$43.75M$37.71M$49.65M$39.60M$44.51M$42.17M$51.16M$44.69M$52.60M$47.98M
    Gross Profit$56.52M$46.82M$57.31M$56.58M$62.01M$50.27M$63.53M$60.35M$70.66M$55.39M$65.49M$65.45M
    Operating Expenses$53.12M$65.45M$94.30M$52.13M$55.05M$137.87M$64.09M$61.08M$59.35M$64.68M$66.93M$60.40M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$13.11M$14.38M$13.76M$12.48M$13.37M$13.06M$14.58M$15.74M$14.44M$14.06M$16.85M$15.11M
    Operating Income$3.40M$-18,630,000$-36,995,000$4.46M$6.96M$-87,591,000$-551,000$-731,000$11.31M$-9,292,000$-1,438,000$5.06M
    Interest Income$0$0$1.03M$0$0$-114,000$814,000$0$0$0$0$0
    Interest Expense$386,000$804,000$654,000$684,000$675,000$667,000$716,000$770,000$763,000$762,000$774,000$763,000
    Income Before Tax$2.91M$-18,721,000$-36,534,000$-1,689,000$7.12M$-88,302,000$925,000$-1,074,000$11.57M$-8,780,000$-1,265,000$4.86M
    Income Tax Expense$-12,340,000$3.10M$-2,659,000$437,000$3.20M$-1,030,000$493,000$4.72M$5.27M$-2,107,000$-602,000$2.38M
    Net Income$15.25M$-21,825,000$-33,875,000$-2,126,000$3.91M$-87,272,000$432,000$-5,798,000$6.29M$-6,673,000$-663,000$2.48M
    EBITDA$6.57M$-14,397,000$-26,778,000$2.74M$11.67M$-83,824,000$17.50M$4.06M$11.22M$2.23M$6.55M$13.32M
    EBIT$3.30M$-17,917,000$-36,906,000$-1,005,000$7.79M$-87,521,000$827,000$-304,000$12.33M$-8,018,000$-699,000$5.62M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $7.48M
    Gov Obligations / Revenue
    2.0%
    Obligations YoY
    -29.8%
    Active Awards
    19
    New Awards (TTM)
    6
    Avg Remaining Term
    1.8 mo

    Top agency: Department of Defense at 76.7% of trailing twelve month obligations across 7 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    FA701425F0335Department of DefenseDepartment of the Air Force$5.74MSep 30, 2025
    692M1526F00021Department of TransportationFederal Aviation Administration$117568Jan 29, 2026
    70RSAT25FR0000056Department of Homeland SecurityOffice of Procurement Operations$99991Sep 30, 2025
    28321326FDX030121Social Security AdministrationSocial Security Administration$99000Jul 1, 2026
    1331L525F0402Department of CommerceOffice of the Secretary$98194Sep 22, 2025
    36C25026P0031Department of Veterans AffairsDepartment of Veterans Affairs$98155Oct 6, 2025

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Open-Weight Models Are Proliferating, But The Platform Race Matters More

    The proliferation of open-weight AI models, such as Beam and Mistral Large 4, offers enterprises more choices, potential cost savings, and options for sovereign AI. While these models are valuable...

    Forrester•10/16/26•Somewhat-Bullish

    Press Release: Forrester Research To Broadcast Its 2026 Third-Quarter Earnings Conference Call

    This press release announces that Forrester Research will broadcast its 2026 third-quarter earnings conference call. The broadcast allows interested parties to listen in on the financial results discussion.

    Moomoo•10/15/26•Neutral

    Forrester Research stock gets USD 12.00 consensus target, 0.83 percent below price

    Forrester Research (FORR) stock has a consensus target of $12.00 from two analysts, which is 0.83% below its current Nasdaq price of $12.10. The company's Q2 2026 revenue fell 10.27% year-over-year to $100.23 million...

    ad-hoc-news.de•10/15/26•Neutral

    Understanding Momentum Shifts in (FORR)

    This article provides an AI-driven analysis of Forrester Research Inc. (FORR), highlighting a near-term strong sentiment that could lead to a long-term positive bias. It details specific institutional trading strategies...

    Stock Traders Daily•10/12/26•Somewhat-Bullish

    Forrester Predicts AI Lawsuit, Global Outage in 2027

    Forrester Research predicts that 2027 will see significant AI-related incidents, including an AI negligence lawsuit leading to a CEO exit, a global outage caused by AI-generated code...

    TechNewsWorld•10/6/26•Somewhat-Bearish

    FORR Valuation and Fair Value

    P/E
    15.3x
    Forward P/E
    18.6x
    P/FCF
    76.4x
    PEG
    1.3x
    P/B
    1.9x
    See GNG's fair value

    FORR Profitability: Margins, ROIC and FCF

    Gross margin
    57.0%
    Operating margin
    5.5%
    Net margin
    -11.2%
    ROIC
    -26.4%
    ROE
    -30.3%
    FCF margin
    0.8%
    FCF yield
    1.3%

    FORR Competitors

    CompanyTicker
    AerSale CorpASLE
    SEACOR Marine Holdings IncSMHI
    Perma-Pipe International Holdings IncPPIH
    Freightcar America IncRAIL
    PAMT CORPPAMT
    Lightbridge CorpLTBR
    EVI Industries IncEVI
    SCHMID Group N.V. Class A Ordinary SharesSHMD

    Sector: Industrials

    FORR Bull Case vs Bear Case

    Bear case

    • FORR has a -11.2% net profit margin.
    • FORR's quarterly revenue changed -10.2% year over year.

    FORR Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    -4.7%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.20
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 2 down

    FORR Dividend

    Forward yield
    0.0%
    Payout ratio
    0.0%

    Frequently Asked Questions About FORR

    Does FORR pay dividends?

    Forrester Research Inc (FORR) has a dividend payment track record. See the FORR dividend history page for its current payment status, TTM yield, and recorded payments.

    What is FORR's P/E ratio?

    Forrester Research Inc has a price-to-earnings (P/E) ratio of 15.30.

    What is FORR's market cap?

    Forrester Research Inc (FORR) has a market capitalization of $223.71M with a current stock price of $11.94.

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