Forrester Research (NASDAQ:FORR) Posts Earnings Results, Beats Estimates By $0.13 EPS

Posted by Geri Gentry on Jul 31st, 2026

Forrester Research (NASDAQ:FORR – Get Free Report) released its quarterly earnings data on Thursday. The technology company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.13, FiscalAI reports. Forrester Research had a positive return on equity of 6.65% and a negative net margin of 13.74%.The firm had revenue of $100.23 million during the quarter, compared to analyst estimates of $96.91 million. Forrester Research updated its FY 2026 guidance to 0.720-0.820 EPS.

Here are the key takeaways from Forrester Research’s conference call:

Second-quarter revenue fell 10% to $100.2 million, with research revenue down 8% and non-CV businesses down 15%. Operating income declined 24% and EPS fell 22% year over year.
Contract value decreased 3% for the second consecutive quarter, while wallet retention was flat and client retention declined one point sequentially; management expects CV growth by year-end.
Forrester maintained its full-year 2026 guidance of $350 million-$360 million in revenue, 6%-6.5% operating margins, and $0.72-$0.82 in EPS, citing improving retention, a growing pipeline, and planned product launches.
Forrester AI adoption accelerated: users rose 69% year over year, prompts increased 105%, and AI became the dominant way Forrester Decisions clients accessed research. Forrester AI Access has generated approximately $10 million in bookings since its launch.
The company restarted share repurchases, buying approximately $1 million of stock in the quarter and planning to accelerate repurchases during the second half; it ended the quarter with more than $130 million in cash and $35 million in debt.

Forrester Research Price Performance

Forrester Research stock traded up $1.17 during midday trading on Friday, reaching $10.90. 158,029 shares of the stock traded hands, compared to its average volume of 127,428. The stock’s fifty day moving average is $8.25 and its 200-day moving average is $7.09. Forrester Research has a 12 month low of $4.88 and a 12 month high of $11.75. The stock has a market cap of $211.67 million, a P/E ratio of -3.85, a PEG ratio of 1.95 and a beta of 0.97. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Forrester Research News Roundup

Here are the key news stories impacting Forrester Research this week:

Positive Sentiment: Forrester reported second-quarter adjusted EPS of $0.40, well above the $0.27 analyst consensus, while revenue of $100.23 million exceeded expectations of $96.91 million. The earnings beat is the primary catalyst behind the stock’s advance. Forrester Research Surpasses Q2 Earnings and Revenue Estimates
Positive Sentiment: The company maintained its 2026 outlook and expects EPS of $0.72 to $0.82, above the $0.69 consensus estimate. Management also said revenue, margins, and EPS were above consensus and that Forrester AI adoption is accelerating. Forrester Research Reports Second-Quarter Financial Results
Positive Sentiment: Management characterized key business metrics as stabilizing, which may ease concerns about the company’s recent operating weakness and support the investment case if AI-related demand continues to expand. Q2 2026 Earnings Call Transcript

Analysts Set New Price Targets

Separately, Weiss Ratings raised Forrester Research from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on FORR

Institutional Trading of Forrester Research

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Forrester Research by 0.6% in the third quarter. Vanguard Group Inc. now owns 649,765 shares of the technology company’s stock valued at $6,888,000 after purchasing an additional 3,795 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Forrester Research by 20.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 333,979 shares of the technology company’s stock valued at $3,540,000 after purchasing an additional 56,249 shares in the last quarter. Geode Capital Management LLC raised its stake in Forrester Research by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 298,429 shares of the technology company’s stock valued at $2,423,000 after purchasing an additional 5,793 shares in the last quarter. State Street Corp lifted its position in Forrester Research by 1.5% during the fourth quarter. State Street Corp now owns 255,745 shares of the technology company’s stock valued at $2,077,000 after purchasing an additional 3,778 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Forrester Research by 1.0% during the second quarter. Federated Hermes Inc. now owns 252,810 shares of the technology company’s stock valued at $2,503,000 after purchasing an additional 2,446 shares during the last quarter. 55.20% of the stock is owned by hedge funds and other institutional investors.

About Forrester Research

(Get Free Report)

Forrester Research, Inc is a leading global research and advisory firm that provides insights and guidance to business and technology leaders. Founded in 1983 and headquartered in Cambridge, Massachusetts, the company offers a wide range of services designed to help clients understand market dynamics, evaluate technology investments and develop customer-centric strategies. Forrester’s core offerings include syndicated research reports, bespoke advisory services, consulting engagements and data-driven analytics.

Through its extensive research practice, Forrester produces in-depth analyses of emerging technologies, industry trends and best practices across sectors such as information technology, marketing, customer experience and digital business.