$Forrester Research (FORR.US)$In the past 5 years, in additi...
$Forrester Research(FORR.US$In the past 5 years, in addition to the 2.8% decline in 2020, revenue has grown for 4 years, with an average growth rate of 9.7%. Operating profit fell sharply by 70% in 2019 due to acquisitions, then continued to increase for 3 years. The growth rate fell to 7.7% in 2022, and net profit declined by 12.2% in 2022 due to restructuring and merger and acquisition expenses.
In the first two quarters of 2023, revenue fell 8.8%, operating profit fell 44%, and net profit declined sharply by 93.2% due to restructuring and mergers and acquisitions.
Currently, the price-earnings ratio is 27, and the price-earnings ratio TTM has been raised to 119, which is unattractive.
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