Forrester Research Inc. has issued its financial guidance for first quarter and full year 2018.
For 2018, the company is expecting pro forma EPS of about $1.38 to $1.45. GAAP EPS for the year are projected to be between $1.03 and $1.10. Total revenues for the year are expected to be about $352.0 million to $360.0 million.
For the first quarter, the company expects pro forma EPS of 3 cents to 7 cents. On a GAAP basis, the company expects loss per share of between 1 cent and 5 cents. Total revenues are projected to be between $77.0 million and $80.0 million for the period.
Additionally, Forrester reported fourth-quarter 2017 GAAP net income of $2.1 million, or 11 cents per common share, compared with $5.8 million, or 31 cents per common share, in the fourth quarter of 2016. Pro forma net income for the quarter was $5.9 million, or 32 cents per share, versus $7.1 million, or 38 cents per share, in the prior-year quarter.
For full year 2017, the company had GAAP net income of $15.1 million, or 83 cents per share, compared with $17.7 million, or 97 cents per share, in 2016. The company reported pro forma net income of $22.3 million, or $1.22 per share, for 2017, versus $24.8 million, or $1.36 per share, in the previous year.
