U.S. stock futures edge higher ahead of Powell’s Jackson Hole speech
Forrester Research , Inc. (NASDAQ:FORR) has experienced a significant downturn, with its stock price reaching a 52-week low of $9.1 USD. This latest price level reflects a stark contrast to the company’s performance over the past year, which has seen the stock undergo a substantial decline of -56.87%. According to InvestingPro analysis, the company appears undervalued at current levels, with management actively buying back shares and maintaining strong gross profit margins of ~58%. Investors are closely monitoring Forrester’s strategies and market position as the company navigates through the current economic headwinds that have impacted its valuation and investor sentiment. Despite current challenges, the company maintains a strong balance sheet with more cash than debt, and analysts project a return to profitability this year. The 52-week low serves as a critical indicator for both the company and its stakeholders, as it encapsulates the challenges faced within the last year and sets a new baseline for potential recovery or further assessment of the company’s future prospects. Get access to 12 additional exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Forrester Research Inc. reported its fourth-quarter 2024 earnings, exceeding analyst expectations with an earnings per share (EPS) of $0.36, surpassing the forecasted $0.31. Despite this earnings beat, the company faced a challenging year with a 10% decline in full-year revenue, totaling $432.5 million. Forrester also anticipates a revenue decline of 4-8% in 2025, projecting revenues between $400 million and $415 million. The firm launched innovative products like IZOLA, a generative AI tool, which has shown promising renewal rates among heavy users. Additionally, Forrester has improved its wallet retention rate from 87% to 89% and increased contract value per client by 10%. The company has undergone a transition to its Forrester Decisions platform, now comprising 80% of its contract value. Forrester’s management has emphasized execution and strategic focus on larger corporate clients as a key priority moving forward.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.