Stocks · Industrials · Consulting Services
Forrester Research, Inc. FORR
$11.22 -3.36% Close, Oct 2, 2026 · NASDAQ · Market cap $217.8M
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in an uptrend: above its 200-day average for 69 trading days, with the 50-day average above the 200-day.
- Revenue over the last four quarters was $381.0M, down 7.5% from a year earlier.
- Operating margin narrowed to -1.2% from 1.4% a year earlier.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 9%
- FCF growth (TTM, YoY)Bottom 36%
- Revenue growth, 3-year CAGRBottom 8%
- Revenue growth accelerationBottom 28%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 22%
- Gross marginTop 6%
- Operating marginBottom 21%
- Accruals (lower is better)Top 6%
- Interest coverBottom 19%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 13%
- Free-cash-flow yieldTop 14%
- EBITDA / enterprise valueBottom 8%
- Sales / enterprise valueTop 8%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 37%
- 6-month returnTop 3%
- 1-year return vs S&P 500Top 44%
- Distance from 52-week highTop 19%
- Trend checklist (0–4)Top 42%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 20%
- Consecutive EPS beatsBottom 39%
- Share of analysts rating BuyBottom 9%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 34%
- Maximum drawdown, 3 yearsBottom 10%
- Beta vs S&P 500 (lower is better)Top 40%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -7.1% | -7.5% | ↓ |
| Gross margin | 56.2% | 57.0% | ↑ |
| Operating margin | 1.4% | -1.2% | ↓ |
| FCF margin | 4.6% | 4.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -7.5% | -7.1% | ↓ | Bottom 9% |
| Gross margin | 57.0% | 56.2% | ↑ | Top 6% |
| Operating margin | -1.2% | 1.4% | ↓ | Bottom 21% |
| Net margin | -11.2% | -21.5% | ↑ | — |
| Free-cash-flow margin | 4.7% | 4.6% | ↑ | — |
| Return on invested capital | -1.8% | — | Bottom 22% | |
| Revenue growth, 3-year CAGR | -9.6% | — | Bottom 8% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -19.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -2.7 pp
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -1.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 1.08%
- Shareholder yield
- 1.08%
- Share count change, 1 year
- +1.5%
- Share count change, 3-year CAGR
- +0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- -20.5%
- Average 2-day reaction, last 8
- -1.5%
- Positive 20 days after report
- 5 of 8
Analysts
- Analysts with a rating
- 4
- Share rating Buy or Strong Buy
- 25%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +50.9% | -5.1% | +13.4% | +14.0% | — |
| May 6, 2026 | -133.3% | -1.9% | +2.6% | +11.3% | +85.2% |
| Feb 12, 2026 | -19.0% | -5.3% | -10.4% | -5.0% | +4.7% |
| Oct 30, 2025 | +19.4% | -1.9% | -6.5% | -14.7% | -5.6% |
| Jul 31, 2025 | +2.0% | +0.4% | +5.8% | +0.1% | -4.4% |
| May 6, 2025 | +37.5% | -0.1% | +7.5% | +6.6% | +0.1% |
| Feb 11, 2025 | +5.9% | +0.3% | -15.5% | -32.3% | -32.5% |
| Nov 5, 2024 | -14.7% | +1.8% | +15.4% | +13.7% | +1.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $0.40 | $0.27 | +50.9% | $100.2M |
| May 6, 2026 | -$0.04 | $0.12 | -133.3% | $85.5M |
| Feb 12, 2026 | $0.17 | $0.21 | -19.0% | $101.1M |
| Oct 30, 2025 | $0.37 | $0.31 | +19.4% | $94.3M |
| Jul 31, 2025 | $0.51 | $0.50 | +2.0% | $111.7M |
| May 6, 2025 | $0.11 | $0.08 | +37.5% | $89.9M |
| Feb 11, 2025 | $0.36 | $0.34 | +5.9% | $108.0M |
| Nov 5, 2024 | $0.29 | $0.34 | -14.7% | $102.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 14.5× | — | — | — |
| EV / Sales | 0.58× | — | — | Top 8% |
| Free-cash-flow yield | 8.22% | — | — | Top 14% |
| Earnings yield | -20.05% | — | — | Bottom 13% |
P/E over the past five years
Range 21.5× – 247.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 69
- 50-day average slope (20 days)
- +8.6%
- 200-day average slope (20 days)
- +6.0%
- Distance from 50-day average
- -2.8%
- Distance from 200-day average
- +37.2%
- RSI (14)
- 43.8
- Relative volume
- 0.65×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 55.7%
- Volatility vs own 5-year history
- 90th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.96
- Correlation with S&P 500
- 0.25
- Current drawdown from 1-year high
- -11.3%
- Maximum drawdown, 3 years
- -82.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 24, 2021 | Apr 10, 2026 | -91.7% | 1096 days | Not yet recovered |
| Mar 3, 2021 | Jun 10, 2021 | -13.9% | 69 days | 18 days (Jul 7, 2021) |
| Jan 7, 2021 | Jan 27, 2021 | -11.8% | 13 days | 9 days (Feb 9, 2021) |
| Dec 9, 2020 | Dec 23, 2020 | -10.5% | 10 days | 9 days (Jan 7, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $217.8M
- EPS, diluted (TTM)
- -$2.25
- Revenue (TTM)
- $381.0M
- 52-week range
- $4.88 – $12.75
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $494.3M | $537.8M | $480.8M | $432.5M | $396.9M |
| Gross profit | $292.5M | $314.0M | $276.3M | $422.8M | $226.2M |
| Operating income | $38.6M | $32.7M | $6.8M | $740,000 | $1.9M |
| Net income | $24.8M | $21.8M | $3.0M | -$5.7M | -$119.4M |
| EPS (diluted) | $1.28 | $1.14 | $0.16 | -$0.30 | -$6.28 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $102.5M | $108.0M | $89.9M | $111.7M | $94.3M | $101.1M | $85.5M | $100.2M |
| Net income | -$5.8M | $432,000 | -$87.3M | $3.9M | -$2.1M | -$33.9M | -$21.8M | $15.3M |
| EPS (diluted) | -$0.30 | $0.02 | -$4.62 | $0.21 | -$0.11 | -$1.78 | -$1.14 | $0.78 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $107.1M | $39.4M | $21.7M | -$3.9M | $21.1M |
| Capital expenditure | -$10.7M | -$5.7M | -$5.5M | -$3.4M | -$3.0M |
| Free cash flow | $96.3M | $33.8M | $16.2M | -$7.3M | $18.1M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$10.9M | -$10.8M | -$593,000 | -$13.5M | -$1.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $130.8M
- Total assets
- $416.5M
- Total liabilities
- $294.9M
- Total debt
- $64.0M
- Net debt
- $4.5M
- Shareholders’ equity
- $121.6M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Dec 11, 2018 | $0.20 | Dec 26, 2018 |
| Sep 11, 2018 | $0.20 | Sep 26, 2018 |
| Jun 12, 2018 | $0.20 | Jun 27, 2018 |
| Mar 6, 2018 | $0.20 | Mar 21, 2018 |
| Dec 5, 2017 | $0.19 | Dec 20, 2017 |
| Sep 1, 2017 | $0.19 | Sep 20, 2017 |
| Jun 5, 2017 | $0.19 | Jun 21, 2017 |
| Feb 27, 2017 | $0.19 | Mar 15, 2017 |
Short interest
- Shares sold short
- 602,053
- Days to cover
- 5.13
- Change vs previous report
- -6.7%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Feb 8, 2000
- 2-for-1