FORRESTER RESEARCH Reports 8.5% Drop in Q2 Revenue for FY2023
August 21, 2023
🌧️Earnings Overview
On July 27 2023, FORRESTER RESEARCH ($NASDAQ:FORR) released their financials for FY2023 Q2 (ending June 30 2023). The results showed total revenue of USD 135.6 million, an 8.5% decrease from the same period in FY2022. Net income dropped to USD 5.3 million, a 61.8% decrease from the prior year.
Analysis
Analyzing FORRESTER RESEARCH‘s financials with GoodWhale can be extremely helpful in understanding their risk profile. According to GoodWhale’s Risk Rating, FORRESTER RESEARCH is a high risk investment in terms of both financial and business aspects. GoodWhale has detected two risk warnings in the income sheet, which are non-financial in nature. To gain access to this information, one must become a registered user of GoodWhale. The data provided by GoodWhale can give investors an insight into the potential risks associated with FORRESTER RESEARCH, and whether they should invest in it or not. With this information, investors can make more informed decisions when investing in FORRESTER RESEARCH. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Forrester Research. More…
| Total Revenues | Net Income | Net Margin |
| 513.83 | 5.01 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Forrester Research. More…
| Operations | Investing | Financing |
| 20.06 | -6.81 | -38.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Forrester Research. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 593.89 | 371.14 | 11.6 |
Key Ratios Snapshot
Some of the financial key ratios for Forrester Research are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | 7.6% | 1.9% |
| FCF Margin | ROE | ROA |
| 2.9% | 2.8% | 1.0% |
Peers
Its competitors include Tanabe Consulting Co Ltd, JP-HOLDINGS Inc, and Majestic Research Services and Solutions Ltd.
– Tanabe Consulting Co Ltd ($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 has released its financials for FY2023 Q2, showing a decrease in total revenue of 8.5%. Net income was down 61.8% compared to last year. These figures are concerning for investors as the company is not performing as expected. It is important to closely analyze the company’s performance and adjust investment strategies accordingly.
Investors may be able to identify potential areas for cost savings or increased efficiency, or to consider alternative investments. It is essential to stay informed of the company’s financial situation to make wise investment decisions.
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