Forrester Research (NASDAQ:FORR) Issues Earnings Results, Misses Estimates By $0.04 EPS

Forrester Research (NASDAQ:FORR) released its quarterly earnings results on Thursday. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04), FiscalAI reports. Forrester Research had a negative net margin of 30.07% and a positive return on equity of 8.16%. The firm had revenue of $101.06 million for the quarter, compared to analysts’ expectations of $103.26 million. Forrester Research updated its FY 2026 guidance to 0.720-0.820 EPS.

Here are the key takeaways from Forrester Research’s conference call:

• Forrester’s AI momentum accelerated in Q4 — unique Forrester AI users rose 55% YoY, prompts were up 65%, AI Access booked over $5M since September and reportedly cuts deal cycle time by ~50%, helping win new and returning clients.
• Financial performance weakened: Q4 revenue fell 7% (to $101.1M) and full-year 2025 revenue declined 8% ($396.9M), with consulting and events especially pressured and operating income and EPS down materially year-over-year.
• Management is restructuring to align costs with revenue — exiting strategy consulting, reducing headcount by ~8%, taking $13.5M–$14M of associated charges — and expects 2026 revenue of $345M–$360M (down 9%–13%) and EPS of $0.72–$0.82.
• Company strategy for 2026 emphasizes returning to research contract value growth via a disciplined retention lifecycle, expanded product options (renaming Izola to Forrester AI, new Forrester Decisions versions, “AI Surge”), more actionable research (Blueprints), and smaller regional events.

Forrester Research Price Performance

FORR stock opened at $5.61 on Friday. The stock has a market cap of $106.61 million, a PE ratio of -0.89, a P/E/G ratio of 0.55 and a beta of 0.93. Forrester Research has a 12 month low of $4.91 and a 12 month high of $13.32. The company has a 50-day moving average price of $7.57 and a 200 day moving average price of $8.53. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.22.

Analysts Set New Price Targets

A number of research firms recently issued reports on FORR. Wall Street Zen raised shares of Forrester Research from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Forrester Research in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Forrester Research from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

More Forrester Research News

Here are the key news stories impacting Forrester Research this week:

• Positive Sentiment: Management highlighted momentum from new AI products (Forrester AI Access) and cited improvements in cash flow, client retention and client count — positives for long‑term growth opportunities. Forrester Reports 2025 Fourth-Quarter And Full-Year Financial Results
• Positive Sentiment: Company and coverage noted AI innovations as a growth driver on the earnings call, which could support longer‑term revenue mix shift toward higher‑value research and AI services. Q4 Earnings Call Highlights
• Neutral Sentiment: Full earnings‑call transcripts and summaries are now available for investors who want the management commentary and Q&A (useful for diligence but not new news). Earnings Call Transcript (Seeking Alpha)
• Neutral Sentiment: Corporate thought leadership and market content (e.g., Forbes post) were published but are not material to near‑term financials. How Customers Drive Your AEO Strategy Forward
• Neutral Sentiment: Short‑interest data in the feeds show zero/NaN entries and are not meaningful — no confirmed rise in tradable short interest from the published items. Market Data
• Negative Sentiment: Q4 results missed expectations: EPS $0.17 vs. consensus ~$0.21 and revenue of ~$101.1M vs. ~$103.3M; the miss and a negative net margin figure weighed on the stock. Q4 Earnings Summary (MarketBeat)
• Negative Sentiment: FY‑2026 guidance was lowered sharply: EPS $0.72–0.82 (consensus ~1.12) and revenue guidance $345M–$360M (consensus ~$394.7M) — the guidance downgrade is the primary driver of the selloff. Guidance and Strategic Shift (MSN)
• Negative Sentiment: Company announced restructuring tied to its strategic shift to AI research; coverage notes the market reaction (shares fell after the report), introducing near‑term costs and execution risk. Shares Sink After Earnings Miss & Restructuring (Seeking Alpha)

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Walleye Capital LLC raised its holdings in shares of Forrester Research by 149.0% in the fourth quarter. Walleye Capital LLC now owns 229,890 shares of the technology company’s stock worth $1,867,000 after buying an additional 137,571 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Forrester Research in the second quarter worth $801,000. Hotchkis & Wiley Capital Management LLC increased its stake in Forrester Research by 20.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,979 shares of the technology company’s stock worth $3,540,000 after purchasing an additional 56,249 shares during the period. Two Sigma Investments LP lifted its position in shares of Forrester Research by 59.2% during the third quarter. Two Sigma Investments LP now owns 148,024 shares of the technology company’s stock worth $1,569,000 after purchasing an additional 55,058 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in shares of Forrester Research by 111.0% during the second quarter. Bridgeway Capital Management LLC now owns 103,409 shares of the technology company’s stock worth $1,024,000 after purchasing an additional 54,409 shares during the last quarter. Hedge funds and other institutional investors own 55.20% of the company’s stock.

About Forrester Research

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.