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Forrester (FORR) Tops Q2 EPS by 38c

July 30, 2020 4:50 PM

Forrester (NASDAQ: FORR) reported Q2 EPS of $0.65, $0.38 better than the analyst estimate of $0.27. Revenue for the quarter came in at $113.5 million versus the consensus estimate of $104.19 million.

"We performed better than we expected during a challenging quarter," said George F. Colony, Forrester''s chairman and chief executive officer. \"We exceeded our revenue guidance by more than $5 million and exceeded EPS by 31 cents."

"The pandemic has disrupted every single business," continued Colony. "With no existing playbook on how to manage this crisis, business leaders are turning to Forrester for advice and research on how to navigate these challenging times. We are continually innovating our own business and sharing best practices with our clients — our quick pivot to digital events is an example. As a result, our client interactions are at an all-time high. As we look ahead to 2021 and beyond, we are well positioned to come out of the pandemic stronger."

GUIDANCE:

Forrester sees Q3 2020 EPS of $0.06-$0.12, versus the consensus of $0.12. Forrester sees Q3 2020 revenue of $99-104 million, versus the consensus of $97.83 million.

For earnings history and earnings-related data on Forrester (FORR) click here.

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