Overview

* Forrester Q3 2025 revenue declines 8% from last year, missing analysts' expectations

* Adjusted net income for Q3 2025 increases to $7.2 mln, reflecting an adjusted effective tax rate of 29%

* Company launches Forrester AI Access to enhance AI leadership

Outlook

* Forrester ( FORR ) sees full-year 2025 revenue between $395 mln and $405 mln

* Company expects full-year 2025 adjusted EPS of $1.15 to $1.25

* Forrester ( FORR ) anticipates adjusted operating margin of 7.5% to 8.5% for 2025

Result Drivers

* CONTRACT VALUE DECLINE - Contract value decreased by 7% compared to prior year, indicating market challenges

* OPERATING MARGIN GROWTH - Despite revenue decline, co achieved operating margin growth in Q

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $94.3 $99.15

Revenue mln mln (3

Analysts

)

Q3 EPS -$0.11

Q3 $7.24

Adjusted mln

Net

Income

Q3 Net -$2.13

Income mln

Q3 -$1.69

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 $12.00, about 30.4% above its October 29 closing price of $8.35

Press Release:

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(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.)