Forrester Research Q4 EPS Slides 20.3%, Revenue Drops 6.5% to $101M
Forrester Research's Q4 revenue fell to $101.06M, missing estimates by 2.1% and down 6.5% y/y, while EPS dropped 52.8% y/y to $0.17, a 20.3% negative surprise. Event, consulting, and research segments each declined y/y and came in below analyst forecasts.
1. Q4 Financial Results
Forrester Research reported Q4 revenue of $101.06 million, a 6.5% decline from $108.04 million a year ago, and 2.1% below consensus forecasts. Adjusted EPS came in at $0.17, down from $0.36 in prior-year quarter, representing a 20.3% miss versus the $0.21 estimate.
2. Segment Performance
Breaking down revenue by line, events generated $2.66 million (versus $2.98 million expected), consulting delivered $21.79 million (versus $22.20 million expected), and research brought in $76.62 million (versus $78.04 million expected). Each segment posted year-over-year declines of 1%, 16%, and 3.5% respectively.
3. Outlook and Market Reaction
Consensus estimates for the next quarter call for $0.15 EPS on $89.88 million in revenue, with full-year expectations at $1.33 EPS on $394.74 million. Shares have fallen roughly 5% on the release and are down about 19% year-to-date, underperforming the S&P 500’s modest gains.