NASDAQ$FORR

Forrester Research Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Forrester Research's Q3 2021 financial results were announced, featuring a 12% year-over-year increase in total contract value and raised full-year guidance for the third time this year.

Forrester Research reported a strong Q3 2021, with total revenues of $118.1 million, a net income of $4.5 million, and EPS of $0.23. The company experienced a 12% increase in contract value and raised its full-year guidance for the third time this year.

  • Total revenues reached $118.1 million, compared to $108.6 million in Q3 2020.
  • Net income was $4.5 million, or $0.23 per diluted share, compared to a net loss of $3.8 million, or $0.20 per diluted share, in Q3 2020.
  • Adjusted net income was $7.9 million, or $0.41 per diluted share.
  • Contract value increased by 12% year-over-year.

Headline financials

Total Revenue

$118M

Previous: $109M+8.8%
EPS (adj)

$0.41

Previous: $0.24+70.8%
Contract value

$331M

No prior period
Client retention

78.0%

Previous: 65.0%+20.0%
Wallet retention

99.0%

No prior period
Number of clients

3.0K

No prior period
Capital Expenditures

-$9.85M

Previous: -$7.28M-35.3%
Free Cash Flow

-$5.32M

Previous: -$11M+51.8%
Net Income

$4.52M

Previous: -$3.76M+220.3%
Operating Income

$6.54M

Previous: $174K+3658.0%
Gross Profit

$74.5M

Previous: $69M+7.9%
Cash & Equivalents

$129M

Previous: $73M+77.1%
Total Assets

$655M

Previous: $593M+10.5%
Stock-Based Comp

$2.46M

Previous: $2.7M-8.7%

Revenue & EPS history

Forrester · Revenue · Quarterly

$118M

Q3 2021+8.8%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Forrester · $118M total across 3 segments · Q3 2021

  • Research
    $79.9M+9.7%
  • Consulting
    $37.4M+8.0%
  • Events
    $867K-23.3%

Forward guidance

Forrester provided financial guidance for the fourth quarter and full year of 2021.

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 Q3 2021

Historical avgQ3 2021

-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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro