Expectations trend
FY2027 · fiscal year ending 2027-12-31 · fmp
Forrester Research, Inc. (FORR)
NASDAQIndustrialsConsulting ServicesSnapshot 2026-11-05
$8.70-7.05%
Close 2026-11-05 · 1-day change
NASDAQIndustrialsConsulting ServicesSnapshot 2026-11-05
The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.
Next-FY EPS estimate change · 30 days
0.91 → 0.82 EPS · FY ending Dec 31, 2027 · 2 analysts
One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.
Change in the same fiscal period’s mean EPS estimate from Oct 6, 2026 to Nov 5, 2026: (new ÷ prior − 1). Contributor count changed from 2 to 2; this is not the number of analysts revising. The ±10% axis is a display range.
The EPS and P/E reference is not available for FORR yet.
| Measure / period | Management expectations | Analyst expectations |
|---|
Management figures unavailable.
Current consensus figures unavailable.
Three published thesis conditions, with dated milestones shown separately.
| Key Factor | Why It Matters | Current Status | Break Condition | Latest Evidence |
|---|---|---|---|---|
Improve operating margin to -3.3% to -2.8% in 2026 | It plans to improve its operating margin to near -3%. | Under Pressure | Operating margin worse than -3.3% in FY26 | Operating margin: 3.39% FY2026-Q2; GAAP. Published target: Operating margin between -3.3% and -2.8%. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 20263.390101 percent · calculatedLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Compare these dated observations with the operating requirements above
FY2027 · fiscal year ending 2027-12-31 · fmp
The evidence, the remaining questions, and what comes next
No recovery evidence is reported in the available driver assessments.
Next earnings date unavailable
Observed price history; separate from operating scenarios
The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.
This is a challenged business with a possible product-led improvement path, rather than a proven durable compounder. The thesis is in a watch state, with medium confidence, because recent financial performance remains weak relative to its industry cohort.
The valuation signal says FORR is cheap versus peers, while the expectations gap is negative, suggesting expectations are not especially demanding. The valuation measure fell from 63.0 to 51.9, but the evidence also describes the valuation as justified and fragility as low. FORR is loss-making, which limits what that peer comparison can establish.
Near term, earnings beats are a positive signal, but the latest quarter showed revenue down to $86.1 million from $94.3 million a year earlier, and contract value fell 3.5% year over year. Operating income also declined, while full-year guidance calls for a negative operating margin. Management is advancing AI and product offerings, but evidence that they are improving results remains limited.
The multi-year thesis depends on improved revenue and client retention, new products contributing meaningful business benefits, and better expense control. Near term, a guidance cut would add pressure, while results and guidance from sector bellwethers EFX, BAH, and FCN could either support or weaken the sector backdrop.
Over the next 1 to 3 years, FORR’s thesis remains uncertain: product activity and recent earnings beats offer support, but declining revenue, weak margins, and a sector headwind are unresolved. The key evidence to watch is whether execution turns into sustained financial improvement. Not investment advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| A primary condition in Forrester Research, Inc.'s published investment case. The stated target is ~$355M total revenue. |
| Under Pressure |
| Revenue falls below $350M in FY26 |
Revenue: $100.233M FY2026-Q2; GAAP. Published target: ~$355M total revenue. Annual target cannot be compared with a quarterly or TTM observation. Aug 6, 2026100,233,000 USD · source valueLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Implement workforce reduction by 8% | A supporting condition in Forrester Research, Inc.'s published investment case. The stated target is Reduce workforce by approximately 8%. | Intact | Workforce reduction less than 8% or reversed | Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Date unavailableLast status assessment Nov 5, 2026Compare required operating outcomesCompare scope, accounting basis and period before treating this evidence as progress against an annual requirement. |
Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.
$0.91 → $0.82 · observed estimates
$0.36B → $0.36B · observed estimates
One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.
| Snapshot | EPS | Revenue | EPS / revenue analysts |
|---|---|---|---|
| 2026-07-24 | $0.91 | $358,017,500 | 2 / 2 |
| 2026-07-25 | $0.91 | $358,017,500 | 2 / 2 |
| 2026-07-26 | $0.91 | $358,017,500 | 2 / 2 |
| 2026-07-27 | $0.91 | $358,006,000 | 2 / 2 |
| 2026-07-28 | $0.91 | $358,006,000 | 2 / 2 |
| 2026-07-29 | $0.91 | $358,006,000 | 2 / 2 |
| 2026-07-30 | $0.91 | $358,017,500 | 2 / 2 |
| 2026-07-31 | $0.91 | $358,017,500 | 2 / 2 |
| 2026-08-01 | $0.91 | $358,006,000 | 2 / 2 |
| 2026-08-02 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-03 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-04 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-05 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-06 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-07 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-08 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-09 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-10 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-11 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-12 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-13 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-14 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-15 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-16 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-17 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-18 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-19 | $0.91 | $357,675,500 | 1 / 2 |
| 2026-08-20 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-21 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-22 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-23 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-24 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-25 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-26 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-27 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-28 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-29 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-30 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-08-31 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-01 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-02 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-03 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-04 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-05 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-06 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-07 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-08 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-09 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-10 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-11 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-12 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-13 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-14 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-15 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-16 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-17 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-18 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-19 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-20 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-21 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-22 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-23 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-24 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-25 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-26 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-27 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-28 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-29 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-09-30 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-01 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-02 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-03 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-04 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-05 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-06 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-07 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-08 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-09 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-10 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-11 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-12 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-13 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-14 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-15 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-16 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-17 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-18 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-19 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-20 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-21 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-22 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-23 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-24 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-25 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-26 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-27 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-28 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-29 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-30 | $0.91 | $357,675,500 | 2 / 2 |
| 2026-10-31 | $0.91 | $357,392,500 | 2 / 2 |
| 2026-11-01 | $0.91 | $357,392,500 | 1 / 2 |
| 2026-11-02 | $0.91 | $357,392,500 | 1 / 2 |
| 2026-11-03 | $0.91 | $357,392,500 | 2 / 2 |
| 2026-11-04 | $0.82 | $355,223,500 | 2 / 2 |
| 2026-11-05 | $0.82 | $355,223,500 | 2 / 2 |
Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.
Latest: 0 Buy / Strong Buy · 1 Hold · 0 Sell / Strong Sell
Recent actions · Oct 7–Nov 5 · 0 recorded
Individual price-target observations are unavailable.
0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior
Oct 7, 2026–Nov 5, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.
Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.
3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.
The dated weekly assessment and its assumptions are available in Read detailed Outlook.