Overview

* Forrester Research ( FORR ) Q2 rev falls 8.3% yr/yr, beats analyst expectations, per LSEG data

* Adjusted net income for Q2 beats consensus despite 24% decline yr/yr

* Co's contract value drops 7% yr/yr due to market uncertainty

Outlook

* Forrester ( FORR ) expects 2025 revenue of about $400 mln to $410 mln

* Company projects 2025 GAAP operating margin of negative 18.4% to 17.4%

* Forrester ( FORR ) anticipates 2025 adjusted EPS of $1.20 to $1.35

* Company sees market uncertainty impacting contract value in 2025

Result Drivers

* MARKET UNCERTAINTY - Contract value declined 7% yr/yr due to ongoing market uncertainty, per CEO George F. Colony

* AI ENHANCEMENTS - Co focused on enhancing its generative AI tool, Izola, to serve clients and maintain leadership in AI research

* MACROECONOMIC PRESSURES - Despite macroeconomic pressures, co delivered revenue and EPS above consensus

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $111.66 $110 mln

Revenue mln (3

Analysts

)

Q2 EPS $0.2

Q2 Beat $9.80 $7.47

Adjusted mln mln (1

Net Analyst)

Income

Q2 Net $3.91

Income mln

Q2 $7.12

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy."

* Wall Street's median 12-month price target for Forrester Research Inc ( FORR ) is $14.00, about 30.7% above its July 30 closing price of $9.70

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)