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Jun 30, 2020
Forrester Q2 2020 Earnings Report
Forrester's second quarter performance in 2020 exceeded expectations despite a challenging environment.
Key Takeaways
Forrester Research reported total revenues of $113.5 million for Q2 2020, compared to $128.2 million in Q2 2019. GAAP net income was $11.8 million, or $0.63 per diluted share, compared to $1.6 million, or $0.08 per diluted share, for the same period in 2019.
Forrester exceeded revenue guidance by more than $5 million.
EPS exceeded expectations by 31 cents.
Client interactions reached an all-time high.
The company is well-positioned to emerge stronger from the pandemic.
Revenue by Segment
Forward Guidance
Forrester is providing third-quarter 2020 financial guidance.
Positive Outlook
- Adjusted operating margin of approximately 3.0% to 5.0%.
- Adjusted effective tax rate of 31%.
- Adjusted diluted earnings per share of approximately $0.06 to $0.12.
- Total revenues of approximately $99.0 million to $104.0 million.
- Operating margin of approximately (5.0)% to (3.0)%.
Challenges Ahead
- Loss per share of approximately $0.25 to $0.31.
- Interest expense of approximately $1.3 million.
- An effective tax rate of approximately 1.0%.
- Adjusted financial guidance for the third quarter of 2020 excludes the reduction in revenue from the fair value adjustment of pre-acquisition deferred revenue of approximately $0.1 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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