Key Developments For Forrester Research Inc
Forrester Research Inc (FORR.O) (Nasdaq)
Forrester Research, Inc. Acquires Strategic Oxygen Business From Monitor Group
Forrester Research, Inc. announced it has acquired the Strategic Oxygen business from Monitor. In a purchase that further supports Forrester's syndicated business model and the Company's role based strategy, Strategic Oxygen will specifically provide Forrester's global Technology Product Management & Marketing Professionals clients with data-rich insight to help them plan their marketing mix and spending more effectively. Financial terms were not disclosed.
Forrester Research, Inc. Issues Q4 2009 Guidance; Raises FY 2009 Guidance
Forrester Research, Inc. announced that for the fourth quarter of 2009, it expects total revenue of approximately $58-$61 million and diluted earnings per share (EPS)approximately $0.21-$0.26 and expects pro forma EPS of approximately $0.26 to $0.30.The Company has raised its fiscal 2009 guidance and expects total revenues of approximately $230-$233 million and diluted EPS of approximately $0.80-$0.87 and expects pro forma diluted EPS of approximately $1.18-$ 1.22. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.26 on revenues of $57 million for the fourth quarter of 2009; GAAP EPS of $1.07 on revenues of $227 million for fiscal 2009.
Forrester Research, Inc. Reaffirms FY 2009 Guidance-Conference Call
Forrester Research, Inc. reaffirmed fiscal 2009 guidance for revenues to be between $220 to $233 million and pro forma earnings per share (EPS) to be between $1 and $1.11. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $1.07 on revenue of $228 million for the same period.
Forrester Research, Inc. Issues Q3 2009 EPS Outlook Below Analysts' Estimates; Narrows FY 2009 Outlook To A Range In Line With Analysts' Estimates
Forrester Research, Inc. announced that for third quarter of 2009, it expects pro forma diluted earnings per share (EPS) of approximately $0.13-$0.17. For fiscal 2009, it expects GAAP revenues of approximately $220-$233 million, GAAP diluted EPS of approximately $0.66-$0.84 and pro forma diluted EPS of approximately $1.00-$ 1.11. According to Reuters Estimates, analysts were expecting the Company to report non-GAAP EPS of $0.22 for third quarter of 2009 and revenues of $225 million and non GAAP EPS of $1.08 for fiscal 2009.
Forrester Research, Inc. Reiterates FY 2009 Guidance; Issues Q2 2009 Guidance Above Analysts' Estimates; Announces Share Repurchase
Forrester Research, Inc. reiterated its fiscal 2009 guidance. For fiscal 2009, the Company expects total revenues of approximately $215-$235 million, other income of approximately $3.0 million, diluted earnings per share (EPS) of approximately $0.64-$0.84 and pro forma diluted EPS of approximately $0.88-$ 1.31. For the second quarter 2009, it expects total revenues of approximately $60-$63 million, other income of approximately $800,000, diluted EPS of approximately $0.27-$0.31 and pro forma diluted EPS of approximately $0.33-$0.37. According to Reuters Estimates, analysts were expecting the Company to report revenue of $220 million and EPS of $1.00 for fiscal 2009; revenue of $57 million and EPS of $0.27 for the second quarter 2009. The Company also announced that its Board of Directors have authorized the repurchase of up to an additional $50 million of its common stock. The shares may be purchased from time to time in open market or privately negotiated transactions.
