FORRESTER RESEARCH Reports USD 135.6 Million Revenue in FY2023 Q2, Down 8.5% YoY
August 13, 2023
🌥️Earnings Overview
On July 27 2023, FORRESTER RESEARCH ($NASDAQ:FORR) reported their Q2 earnings results for FY2023, indicating a 8.5% drop in total revenue to USD 135.6 million and a 61.8% decrease in net income compared to the same quarter last year.
Analysis
GoodWhale has done a comprehensive analysis of the fundamentals of FORRESTER RESEARCH and determined that it is a high risk investment when it comes to both financial and business aspects. Specifically, GoodWhale detected two risk warnings in its income sheet, neither of which were related to financial matters. To get an in-depth understanding of the potential risks associated with investing in FORRESTER RESEARCH, sign up with us to access our detailed report. We believe that after reviewing our analysis, you’ll have a better idea of whether this company is a worthwhile investment for you. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Forrester Research. More…
| Total Revenues | Net Income | Net Margin |
| 513.83 | 5.01 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Forrester Research. More…
| Operations | Investing | Financing |
| 20.06 | -6.81 | -38.87 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Forrester Research. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 593.89 | 371.14 | 11.6 |
Key Ratios Snapshot
Some of the financial key ratios for Forrester Research are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | 7.6% | 1.9% |
| FCF Margin | ROE | ROA |
| 2.9% | 2.8% | 1.0% |
Peers
Its competitors include Tanabe Consulting Co Ltd, JP-HOLDINGS Inc, and Majestic Research Services and Solutions Ltd.
– Tanabe Consulting Co Ltd ($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
Investors analyzing FORRESTER RESEARCH may have mixed feelings about the company’s latest financial results. FORRESTER RESEARCH reported total revenue of USD 135.6 million for its FY2023 Q2, an 8.5% decrease from the same quarter in the previous year. Net income was reported to be USD 5.3 million, a 61.8% decrease compared to the same quarter in the previous year.
Despite the downward trend in revenue and earnings, potential investors may still be interested in FORRESTER RESEARCH as it may offer attractive long-term opportunities. It is important for investors to take into consideration additional factors such as industry trends, management team, and competitive landscape before investing in the company.
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