Recap: Forrester Res Q1 Earnings - Forrester Res (NASDAQ:FORR)

Forrester Res FORR reported its Q1 earnings results on Thursday, May 4, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Forrester Res missed estimated earnings by 41.3%, reporting an EPS of $0.27 versus an estimate of $0.46.

Revenue was down $11.30 million from the same period last year.

Last quarter the company beat on EPS by $0.12 which was followed by a 14.03% drop in the share price the next day.

Here's a look at Forrester Res's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.33	0.38	0.73	0.31
EPS Actual	0.45	0.57	1	0.45
Revenue Estimate	138.71M	126.80M	146.87M	121.77M
Revenue Actual	136.89M	127.68M	148.25M	124.97M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Forrester Res management provided guidance for FY 2023, expecting earnings between $2.0 and $2.2 per share.

To track all earnings releases for Forrester Res visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.