NASDAQ$FORR

Forrester Research Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Forrester reported strong second-quarter results, marked by contract value growth and revenue increase.

Forrester Research announced strong Q2 2022 results, featuring a 10% increase in contract value and a 15% growth in revenue. The company's GAAP EPS was $0.72, with an adjusted EPS of $1.00. Despite strong results, Forrester is reducing its top-line guidance due to uncertain macroeconomic conditions.

  • Contract value increased by 10% year-over-year.
  • Revenue grew by 15% compared to the same period in the previous year.
  • GAAP earnings per share (EPS) reached $0.72.
  • Adjusted EPS stood at $1.00.

Headline financials

Total Revenue

$148M

Previous: $129M+15.2%
EPS (adj)

$1.00

Previous: $0.66+51.5%
Contract value

$349M

Previous: $320M+9.3%
Client retention

76.0%

Previous: 77.0%-1.3%
Wallet retention

99.0%

Previous: 96.0%+3.1%
Number of clients

2.9K

Previous: 2.9K-0.4%
Capital Expenditures

-$2.7M

Previous: -$5.24M+48.5%
Free Cash Flow

$11.2M

Previous: $3.1M+260.5%
Net Income

$13.9M

Previous: $8.34M+66.3%
Operating Income

$20.7M

Previous: -$13.1M+258.2%
Gross Profit

$90.2M

Previous: $83.4M+8.2%
Cash & Equivalents

$103M

Previous: $146M-29.5%
Total Assets

$615M

Previous: $668M-8.0%
Stock-Based Comp

$3.84M

Previous: $2.4M+60.1%

Revenue & EPS history

Forrester · Revenue · Quarterly

$148M

Q2 2022+15.2%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Forrester · $148M total across 3 segments · Q2 2022

  • Research
    $89.4M+10.4%
  • Consulting
    $39.3M-4.1%
  • Events
    $19.5M+191.2%

Forward guidance

Forrester provided financial guidance for Q3 and full year 2022, but reduced its top-line guidance due to uncertain macroeconomic conditions.

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 Q2 2022

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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