NASDAQ$FORR
Forrester Research Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported strong first-quarter results with contract value growth and revenue increase.
Forrester Research reported a strong start to 2022, with a 15% increase in contract value and a 10% increase in revenue. The company's adjusted EPS exceeded guidance, driven by the Forrester Decisions platform and investments in people, marketing, and technologies.
- Contract value increased by 15% year-over-year, reaching $351.4 million.
- Revenue grew by 10% compared to the same quarter in the previous year.
- GAAP earnings per share (EPS) was $0.22, while adjusted EPS was $0.45.
- The company reaffirmed its full-year guidance.
Headline financials
Revenue & EPS history
Forrester · Revenue · Quarterly
$125M
Revenue by segment
Forrester · $125M total across 3 segments · Q1 2022
- Research$85.8M—68.6%
- Consulting$38.4M—30.8%
- Events$760K—0.6%
Forward guidance
Forrester provided financial guidance for the second quarter and full year of 2022.
Tailwinds
- Second-quarter total revenues are expected to be approximately $144 million to $148 million.
- Second-quarter adjusted diluted earnings per share are projected to be approximately $0.70 to $0.76.
- Full-year total revenues are estimated to be approximately $550 million to $560 million.
- Full-year adjusted operating margin is expected to be about 11.5% to 12.5%.
- Full-year adjusted diluted earnings per share are anticipated to be approximately $2.25 to $2.35.
Headwinds
- Second-quarter operating margin is projected to be approximately 9% to 11%.
- Second-quarter interest expense is expected to be approximately $0.5 million.
- Second-quarter effective tax rate is projected at 30%.
- Full-year operating margin is expected to be approximately 6.5% to 7.5%.
- Full-year interest expense is expected to be approximately $2.5 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-2.0%
Avg return
Earnings day
-3.2%
Avg return
5 days after
-1.7%
Avg return
30 days after
38%
25 / 65 earnings
Positive
+8.9%
Q3 2024
Best reaction
-16.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | +4.3% | +14.9% | |
| Q4 2025 | -9.7% | -7.1% | -3.9% | |
| Q3 2025 | +2.9% | +0.1% | -12.5% | |
| Q1 2025 | +3.7% | +7.6% | +9.9% | |
| Q4 2024 | -12.1% | -12.5% | -33.0% | |
| Q3 2024 | +8.9% | +10.6% | +15.0% | |
| Q2 2024 | +6.6% | +0.5% | +1.5% | |
| Q1 2024 | -6.8% | -3.7% | -2.5% | |
| Q4 2023 | -8.1% | -14.2% | -12.4% | |
| Q3 2023 | -4.2% | -11.6% | -3.0% | |
| Q2 2023 | +1.0% | +3.2% | -1.1% | |
| Q1 2023 | -15.8% | -14.7% | -0.3% | |
| Q4 2022 | -16.0% | -13.5% | -15.9% | |
| Q3 2022 | -15.8% | -20.4% | -14.2% | |
| Q2 2022 | -7.3% | -7.1% | -16.7% | |
| Q1 2022 | -2.9% | -8.5% | -7.5% | |
| Q4 2021 | -3.8% | -2.2% | -6.3% | |
| Q3 2021 | +5.4% | +9.1% | +5.4% | |
| Q2 2021 | +5.4% | -1.3% | +3.9% | |
| Q1 2021 | +4.3% | +3.5% | -4.1% | |
| Q4 2020 | -3.8% | -4.4% | +0.7% | |
| Q3 2020 | +3.0% | +9.0% | +20.6% | |
| Q2 2020 | +7.6% | +9.2% | +10.5% | |
| Q1 2020 | +3.5% | -10.8% | +13.1% | |
| Q4 2019 | -2.4% | -4.9% | -31.6% | |
| Q3 2019 | -1.0% | -1.2% | +9.8% | |
| Q2 2019 | -13.9% | -21.7% | -29.2% | |
| Q1 2019 | -1.0% | +1.6% | -9.9% | |
| Q4 2018 | +1.4% | +4.2% | +6.5% | |
| Q3 2018 | -7.3% | -4.3% | +7.3% | |
| Q2 2018 | -0.9% | +2.8% | +14.2% | |
| Q1 2018 | -10.0% | -10.2% | -7.6% | |
| Q4 2017 | -3.7% | -5.8% | +0.2% | |
| Q3 2017 | +0.5% | -0.8% | +6.3% | |
| Q2 2017 | -1.4% | -1.6% | -2.1% | |
| Q1 2017 | -1.0% | -2.0% | -3.2% | |
| Q4 2016 | -12.3% | -10.8% | -8.2% | |
| Q3 2016 | -3.6% | +0.4% | +10.5% | |
| Q2 2016 | +8.1% | +5.8% | +8.2% | |
| Q1 2016 | -4.3% | — | — | |
| Q4 2015 | +2.3% | — | — | |
| Q3 2015 | +3.3% | — | — | |
| Q2 2015 | -5.3% | — | — | |
| Q1 2015 | -4.2% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -3.1% | — | — | |
| Q2 2014 | +0.4% | — | — | |
| Q1 2014 | +5.9% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | -1.3% | — | — | |
| Q2 2013 | -6.4% | — | — | |
| Q1 2013 | +1.1% | — | — | |
| Q4 2012 | -4.6% | — | — | |
| Q3 2012 | +1.0% | — | — | |
| Q2 2012 | -12.1% | — | — | |
| Q1 2011 | -1.9% | — | — | |
| Q1 2012 | +5.3% | — | — | |
| Q4 2009 | +0.1% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | -1.0% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q2 2011 | -1.0% | — | — | |
| Q4 2010 | -1.0% | — | — | |
| Q1 2010 | +5.0% | — | — |
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