Forrester Research Reports 2017 Third-Quarter Financial Results

Fourth-Quarter 2017 (GAAP):

• Total revenues of approximately $83.0 million to $86.0 million.
• Operating margin of approximately 6.8% to 8.8%.
• Other income (expense), net of zero.
• An effective tax rate of 40%.
• Diluted earnings per share of approximately $0.20 to $0.24.

Fourth-Quarter 2017 (Pro Forma):

Pro forma financial guidance for the fourth quarter of 2017 excludes stock-based compensation expense of $2.0 million to $2.2 million, amortization of acquisition-related intangible assets of approximately $0.2 million, and any investment gains or losses.

• Pro forma operating margin of approximately 9.5% to 11.5%.
• Pro forma effective tax rate of 40%.
• Pro forma diluted earnings per share of approximately $0.27 to $0.31.

Our full-year 2017 guidance is as follows:

Full-Year 2017 (GAAP):

• Total revenues of approximately $330.0 million to $333.0 million.
• Operating margin of approximately 7.7% to 8.7%.
• Other income, net of $0.2 million.
• An effective tax rate of 35%.
• Diluted earnings per share of approximately $0.90 to $0.94.

Full-Year 2017 (Pro Forma):

Pro forma financial guidance for full-year 2017 excludes stock-based compensation expense of $8.4 million to $8.6 million, amortization of acquisition-related intangible assets of approximately $0.8 million, and any investment gains or losses.

• Pro forma operating margin of approximately 10.5% to 11.5%.
• Pro forma effective tax rate of 40%.
• Pro forma diluted earnings per share of approximately $1.17 to $1.21.

Quarterly Dividend

Forrester also announced today that its board of directors has approved a quarterly cash dividend of $0.19 per share, payable December 20, 2017, to shareholders of record on December 6, 2017.

About Forrester Research

Forrester Research is one of the most influential research and advisory firms in the world. We work with business and technology leaders to develop customer-obsessed strategies that drive growth. Forrester's unique insights are grounded in annual surveys of more than 675,000 consumers and business leaders worldwide, rigorous and objective methodologies, and the shared wisdom of our most innovative clients. Through proprietary research, data, custom consulting, exclusive executive peer groups, and events, the Forrester experience is about a singular and powerful purpose: to challenge the thinking of our clients to help them lead change in their organizations. For more information, visit forrester.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, Forrester's financial guidance for the fourth quarter of and full-year 2017, statements about the success of operational improvements, and statements about Forrester's future financial performance and financial condition. These statements are based on Forrester's current plans and expectations and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors that could cause actual future activities and results to differ include, among others, Forrester's ability to retain and enrich memberships for its research products and services, demand for advisory and consulting services, technology spending, Forrester's ability to respond to business and economic conditions and market trends, Forrester's ability to develop and offer new products and services, the risks and challenges inherent in international business activities, competition and industry consolidation, the ability to attract and retain professional staff, Forrester's dependence on key personnel, Forrester's ability to realize the anticipated benefits from recent internal reorganizations, the possibility of network disruptions and security breaches, Forrester's ability to enforce and protect its intellectual property, and possible variations in Forrester's quarterly operating results. Dividend declarations are at the discretion of Forrester's board of directors, and plans for future dividends may be revised by the board at any time. Forrester undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information, please refer to Forrester's reports and filings with the Securities and Exchange Commission.

The consolidated statements of income and the table of key financial data are attached.

Contacts:

Michael Doyle 
Chief Financial Officer
Forrester Research, Inc.
+1 617-613-6000
mdoyle@forrester.com

Meaghan Rhyasen
Public Relations
Forrester Research, Inc.
+ 1 617-613-6070
press@forrester.com

© 2017, Forrester Research, Inc. All rights reserved. Forrester is a trademark of Forrester Research, Inc.

Forrester Research, Inc.
Consolidated Statements of Income
(Unaudited, In thousands, except per share data)
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2017		2016		2017		2016
Revenues:
Research services		$                    54,235		$                    52,727		$                  160,553		$                  160,998
Advisory services and events		26,134		24,700		86,743		81,651
Total revenues		80,369		77,427		247,296		242,649
Operating expenses:
Cost of services and fulfillment		32,508		29,889		100,814		95,429
Selling and marketing		29,225		27,751		90,355		87,490
General and administrative		10,083		10,086		30,672		30,359
Depreciation		1,607		1,941		4,775		5,982
Amortization of intangible assets		197		208		582		627
Reorganization costs		-		-		-		1,026
Total operating expenses		73,620		69,875		227,198		220,913
Income from operations		6,749		7,552		20,098		21,736
Other income, net		146		229		248 Werbung Mehr Nachrichten zur Forrester Resear Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 11:45 - PR Newswire Rightmove Plc - Transaction in Own Shares 09:59 - PR Newswire Castelnau Group Ltd - Annual Report and Audited Financial Statements 2023 02:00 - PR Newswire FirstGroup Plc - Transaction in Own Shares Auf zur INVEST am 26.+ 27.04.2024    Foto: Landesmesse Stuttgart GmbH - Jetzt kostenloses Ticket sichern! weiterlesen» Anzeige wo-site-teaser-box-16688_site-teaser-box_2024-04-17_09%253A00%253A00_2024-04-22_09%253A00%253A59