F

    Forrester Research Inc (FORR)

    Official site

    INDUSTRIALS • CONSULTING SERVICES • NASDAQ

    $12.30
    -0.08 (-0.65%)

    Market Cap: $235.70M

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    80%(32/40)
    Avg Surprise
    +31.99%
    Streak
    1 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$0.20
    Range$0.19 - $0.22
    2 analysts
    EPS RevisionsNo revisions (7d)
    0
    2
    30d
    EPS Estimate Drift
    90d ago$0.21+4.9%
    60d ago$0.27+31.7%
    30d ago$0.27+31.7%
    7d ago$0.27+31.7%
    Current$0.20
    Revenue Consensus
    $82M
    Range$81M - $83M
    2 analysts
    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
    		$0.28$0.17+64.71%Beat-45.1%
    Mar 26
    		$-0.04N/A-133.33%Miss-136.4%
    Dec 25
    		$0.17$0.21-19.05%Miss-52.8%
    Sep 25
    		$0.37$0.31+19.35%Beat+27.6%
    Jun 25
    		$0.51$0.50+2.00%Beat-25.0%
    Mar 25
    		$0.11$0.08+37.50%Beat-21.4%
    Dec 24
    		$0.36$0.34+5.88%Beat+44.0%
    Sep 24
    		$0.29$0.34-14.71%Miss-34.1%
    Jun 24
    		$0.68$0.70-2.86%Miss-27.7%
    Mar 24
    		$0.14$0.22-36.36%Miss-48.1%
    Dec 23
    		$0.25$0.26-3.85%Miss-44.4%
    Sep 23
    		$0.44$0.34+29.41%Beat-22.8%
    Jun 23
    		$0.94$0.73+28.77%Beat-6.0%
    Mar 23
    		$0.27$0.42-35.71%Miss-40.0%
    Dec 22
    		$0.45$0.33+36.36%Beat-23.7%
    Sep 22
    		$0.57$0.38+50.00%Beat+39.0%
    Jun 22
    		$1.00$0.74+35.14%Beat+51.5%
    Mar 22
    		$0.45$0.31+45.16%Beat+0.0%
    Dec 21
    		$0.59$0.56+5.36%Beat+68.6%
    Sep 21
    		$0.41$0.26+57.69%Beat+70.8%
    Jun 21
    		$0.66$0.56+17.86%Beat+1.5%
    Mar 21
    		$0.45$0.18+150.00%Beat+21.6%
    Dec 20
    		$0.35$0.31+12.90%Beat-38.6%
    Sep 20
    		$0.24$0.10+140.00%Beat-29.4%
    Jun 20
    		$0.65$0.27+140.74%Beat+0.0%
    Mar 20
    		$0.37$0.11+236.36%Beat+362.5%
    Dec 19
    		$0.57$0.49+16.33%Beat+9.6%
    Sep 19
    		$0.34$0.29+17.24%Beat+3.0%
    Jun 19
    		$0.65$0.60+8.33%Beat+22.6%
    Mar 19
    		$0.08$-0.04+300.00%Beat+900.0%
    Dec 18
    		$0.52$0.51+1.96%Beat+62.5%
    Sep 18
    		$0.33$0.29+13.79%Beat+6.5%
    Jun 18
    		$0.53$0.38+39.47%Beat+26.2%
    Mar 18
    		$-0.01N/A-116.67%Miss-105.9%
    Dec 17
    		$0.32$0.31+3.23%Beat-15.8%
    Sep 17
    		$0.31$0.24+29.17%Beat-3.1%
    Jun 17
    		$0.42$0.34+23.53%Beat-
    Mar 17
    		$0.17$0.15+13.33%Beat-
    Dec 16
    		$0.38$0.26+46.15%Beat-
    Sep 16
    		$0.32$0.28+14.29%Beat-

    Dividends

    Dividend Metrics

    Yield0.00%
    Annual/Share$0.00
    Payout Ratio0.00%
    Frequency4
    No dividend payments in the selected period.
    View FORR's full dividend history

    Key Metrics

    Valuation
    P/E Ratio15.77EV/EBITDA7.56x
    Price/FCF78.69xFCF Yield1.27%
    Profitability
    Profit Margin-11.20%Operating Margin5.45%
    ROE-30.30%ROIC2.43%
    Financial Health
    Debt/Equity0.29xInterest Coverage1.61x
    Current Ratio1.06xQuick Ratio1.06x
    Trading Statistics
    Beta0.93Avg Volume103.88K
    52-Week High$12.6352-Week Low$4.88

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$11.91
    SMA 20$11.78
    SMA 50$10.34
    SMA 200$7.65
    EMA 10$11.97
    EMA 20$11.60
    EMA 50$10.43
    EMA 200$8.60

    MACD

    Line: 0.54Signal: 0.56Hist: -0.03

    ADX

    ADX: 33.9+DI: 26.4-DI: 12.3

    Aroon & PSAR

    Aroon Up96.0
    Aroon DownN/A
    PSAR$11.43

    Bollinger Bands

    Upper Band$12.40
    Lower Band$11.15
    %B Position1067%(Upper)
    Band Width0.92

    RSI (14-Day)

    Neutral
    64.2

    Momentum Oscillators

    Stoch %K84.3
    Stoch %D79.5
    Williams %R-20.7
    ROC (10d)10.3%
    Momentum1.15
    CCI (20d)177.2
    MFI (14d)65.8

    Volatility Measures

    ATR (14d)$0.51(4.2%)
    StdDev (20d)0.31
    Hist Vol37.3%(Moderate)

    Volume Flow

    VWAP$12.33
    OBV3.8M
    AD Line3.3M
    CMF (20d)0.092

    Volume Metrics

    Avg Vol (20d)99.5K
    Vol Ratio0.9x
    VWMA (20d)$11.80

    Pivot Points

    R3$13.06
    R2$12.85
    R1$12.61
    Pivot Point$12.40
    S1$12.16
    S2$11.95
    S3$11.71

    Advanced Oscillators

    TSI26.53
    Ultimate Osc50.8
    KST168.37

    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

    Optimizely’s Forrester Wave nod puts “agentic” experimentation into the vendor shortlists for 2027 web stacks

    Optimizely received recognition in the Q3 2026 Forrester Wave for its capabilities in agent controls and experimentation governance, positioning it strongly for 2027 web stack vendor shortlists. This highlights a shift in experience optimization (EO) buying towards governed automation, requiring robust permissions and approval workflows. The article emphasizes the importance of warehouse-native architecture, careful evaluation of "Customer Favorite" labels, and crucial validation steps for digital, product, and marketing ops teams when considering experimentation platforms.

    MarketScale•8/24/26•
    Neutral

    Optimizely’s Forrester Wave leader slot turns “agentic” marketing into an enterprise architecture decision

    Optimizely's recent recognition as a leader in The Forrester Wave: Experience Optimization Solutions, Q3 2026, signifies a major shift in how marketing technology, particularly "experience optimization" (EO), is perceived and purchased by enterprises. The report highlights the increasing importance of "agentic AI" and "warehouse-native" architecture, moving EO tools from simple A/B testing to systems capable of autonomous actions. This evolution transforms EO into an enterprise architecture decision, necessitating greater involvement from IT, data, and security teams for governance, identity management, and data access design.

    MarketScale•8/22/26•
    Somewhat-Bullish

    The Forrester Wave: Object Storage Solutions, Q2 2026

    StorageNewsletter critiques "The Forrester Wave: Object Storage Solutions, Q2 2026" report, expressing surprise and disappointment over the omission of key object storage players like Cloudian, DataCore (Swarm), IBM (Cloud Object Storage), and MinIO. The article questions Forrester's inclusion criteria, particularly the revenue requirement and the classification of unified storage platforms with object interfaces as dedicated object storage solutions. It concludes that the report does not fully reflect the current object storage market landscape.

    StorageNewsletter•8/21/26•
    Somewhat-Bearish

    Are Options Traders Betting on a Big Move in Forrester Research Stock?

    Options traders are signaling expectations for a significant price movement in Forrester Research (FORR) stock, as indicated by the high implied volatility of its Sept. 18, 2026 $12.5 Call. Despite this, analysts currently rate Forrester Research as a Zacks Rank #3 (Hold), with recent earnings estimate revisions trending downwards. This divergence suggests a potential trading opportunity for seasoned options traders who might look to sell premium.

    Yahoo! Finance Canada•8/21/26•
    Neutral

    Forrester Research (FORR) Chief Legal Officer Ryan Darrah Sells 5,000 Shares

    Forrester Research (FORR) Chief Legal Officer Ryan Darrah sold 5,000 shares of the company's stock for approximately $58,900, reducing his direct ownership to 27,244 shares. This sale is part of a broader trend of insider selling at Forrester Research, with 3 insider sells and 0 insider buys over the past year. Despite the insider selling, GuruFocus assesses the stock as "Fairly Valued" based on its GF Value of $11.34 compared to the trading price of $11.78.

    GuruFocus•8/20/26•
    Somewhat-Bearish

    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, yield, and streaks.
    What is FORR's P/E ratio?
    Forrester Research Inc has a price-to-earnings (P/E) ratio of 15.77.
    What is FORR's market cap?
    Forrester Research Inc (FORR) has a market capitalization of $235.70M with a current stock price of $12.30.

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