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Mar 31, 2022
Forrester Q1 2022 Earnings Report
Reported strong first-quarter results with contract value growth and revenue increase.
Key Takeaways
Forrester Research reported a strong start to 2022, with a 15% increase in contract value and a 10% increase in revenue. The company's adjusted EPS exceeded guidance, driven by the Forrester Decisions platform and investments in people, marketing, and technologies.
Contract value increased by 15% year-over-year, reaching $351.4 million.
Revenue grew by 10% compared to the same quarter in the previous year.
GAAP earnings per share (EPS) was $0.22, while adjusted EPS was $0.45.
The company reaffirmed its full-year guidance.
Revenue by Segment
Forward Guidance
Forrester provided financial guidance for the second quarter and full year of 2022.
Positive Outlook
- Second-quarter total revenues are expected to be approximately $144 million to $148 million.
- Second-quarter adjusted diluted earnings per share are projected to be approximately $0.70 to $0.76.
- Full-year total revenues are estimated to be approximately $550 million to $560 million.
- Full-year adjusted operating margin is expected to be about 11.5% to 12.5%.
- Full-year adjusted diluted earnings per share are anticipated to be approximately $2.25 to $2.35.
Challenges Ahead
- Second-quarter operating margin is projected to be approximately 9% to 11%.
- Second-quarter interest expense is expected to be approximately $0.5 million.
- Second-quarter effective tax rate is projected at 30%.
- Full-year operating margin is expected to be approximately 6.5% to 7.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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