Forrester Research Intrinsic Value Calculator – FORRESTER RESEARCH Reports 8.5% Decrease in Revenue for Q2 FY 2023
August 27, 2023
🌥️Earnings Overview
FORRESTER RESEARCH ($NASDAQ:FORR) reported total revenue of USD 135.6 million for the second quarter of fiscal year 2023 ending June 30 2023, which indicated an 8.5% decrease from the same period in the prior year. Net income for the quarter amounted to USD 5.3 million, reflecting a 61.8% drop year over year.
Analysis – Forrester Research Intrinsic Value Calculator
GoodWhale has conducted a detailed analysis of FORRESTER RESEARCH‘s financials and concluded that the fair value of its shares is around $43.6. This value was calculated using GoodWhale’s proprietary Valuation Line. Currently, FORRESTER RESEARCH stock is trading at $30.9, which is undervalued by 29.1%. This could represent an attractive opportunity for investors looking to benefit from a substantial margin of safety. GoodWhale’s analysis also suggests that FORRESTER RESEARCH is poised to benefit from strong underlying fundamentals, such as healthy sales and earnings growth, a strong balance sheet, and attractive valuations. Therefore, it could be a good option for investors seeking a stable investment with potential for capital appreciation. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Forrester Research. More…
| Total Revenues | Net Income | Net Margin |
| 513.83 | 5.01 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Forrester Research. More…
| Operations | Investing | Financing |
| 20.06 | -6.81 | -38.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Forrester Research. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 593.89 | 371.14 | 11.6 |
Key Ratios Snapshot
Some of the financial key ratios for Forrester Research are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | 7.6% | 1.9% |
| FCF Margin | ROE | ROA |
| 2.9% | 2.8% | 1.0% |
Peers
Its competitors include Tanabe Consulting Co Ltd, JP-HOLDINGS Inc, and Majestic Research Services and Solutions Ltd.
– Tanabe Consulting Co Ltd ($TSE:9644)
Tanabe Consulting Co Ltd is a Japanese company that provides management consulting services. As of 2022, the company has a market capitalization of 10.64 billion dollars and a return on equity of 5.99%. The company helps its clients with strategic planning, marketing, human resources, and other aspects of business management.
– JP-HOLDINGS Inc ($TSE:2749)
Komatsu Ltd. is a Japanese multinational corporation that manufactures construction, mining, and military equipment, as well as industrial equipment like press machines, lasers, and thermoelectric generators. Its headquarters are in Minato, Tokyo, Japan. The company has over 200 subsidiaries and affiliates. The company was founded in 1921, and it has since grown to become one of the largest construction equipment manufacturers in the world.
Summary
FORRESTER RESEARCH reported total revenue of USD 135.6 million for the second quarter of fiscal year 2023, ending on June 30 2023. This represents a 8.5% decrease year over year. Net income for the quarter was USD 5.3 million, which was a 61.8% decrease compared to the same period of the prior year.
Investors should consider this performance when making decisions on whether to invest in FORRESTER RESEARCH. Analysts should review the company’s financials and management strategy to gain insight into the company’s future performance and outlook.
Related Posts
Recent Posts
