Loading...
•
Sep 30, 2020
Forrester Q3 2020 Earnings Report
Forrester Research announced its third-quarter financial results, with total revenues consistent with the previous year and adjusted EPS exceeding guidance.
Key Takeaways
Forrester Research reported total revenues of $108.6 million, consistent with Q3 2019. The company experienced a net loss of $3.8 million, or $0.20 per diluted share, but adjusted net income was $4.6 million, or $0.24 per diluted share, exceeding revenue and adjusted EPS guidance.
Total revenues were $108.6 million, consistent with the third quarter of 2019.
Net loss was $3.8 million, or $0.20 per diluted share, compared to a net loss of $2.7 million, or $0.15 per diluted share in 2019.
Adjusted net income was $4.6 million, or $0.24 per diluted share.
Forrester exceeded the upper end of revenue guidance by $4.7 million and exceeded adjusted EPS by $0.12.
Revenue by Segment
Forward Guidance
Forrester is providing fourth-quarter 2020 financial guidance. Total revenues of approximately $108.0 million to $116.0 million. Income per share of approximately $0.11 to $0.18. Adjusted diluted earnings per share of approximately $0.27 to $0.34.
Positive Outlook
- Total revenues of approximately $108.0 million to $116.0 million.
- Operating margin of approximately 3.5% to 5.5%.
- Income per share of approximately $0.11 to $0.18.
- Adjusted operating margin of approximately 8.0% to 10.0%.
- Adjusted diluted earnings per share of approximately $0.27 to $0.34.
Challenges Ahead
- Interest expense of approximately $1.2 million.
- An effective tax rate of approximately 25%.
- stock-based compensation expense of $2.4 million to $2.6 million
- amortization of acquisition-related intangible assets of approximately $4.7 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
Loading earnings performance data...
Loading earnings reaction data...