Gartner (IT) Projected to Post Earnings on Tuesday

Gartner (NYSE:IT) is expected to release its earnings data before the market opens on Tuesday, February 4th. Analysts expect Gartner to post earnings of $3.26 per share and revenue of $1.69 billion for the quarter. Gartner has set its FY 2024 guidance at 11.750- EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.05. Gartner had a net margin of 17.33% and a return on equity of 118.27%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $2.56 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts expect Gartner to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Gartner Trading Down 0.9 %

NYSE IT opened at $543.26 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31. Gartner has a 52 week low of $411.15 and a 52 week high of $559.00. The stock has a market capitalization of $41.90 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33. The firm has a 50 day moving average of $507.91 and a two-hundred day moving average of $504.37.

Insider Transactions at Gartner

In other Gartner news, EVP Claire Herkes sold 411 shares of Gartner stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $521.24, for a total transaction of $214,229.64. Following the transaction, the executive vice president now directly owns 1,494 shares of the company’s stock, valued at $778,732.56. The trade was a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $523.54, for a total transaction of $98,949.06. Following the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,583 shares of company stock worth $19,241,974 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on IT. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $525.00 to $600.00 in a report on Friday, January 10th. Robert W. Baird upped their target price on shares of Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on shares of Gartner from $470.00 to $460.00 and set an “underweight” rating on the stock in a research report on Friday, January 10th. Morgan Stanley reduced their target price on shares of Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Gartner has a consensus rating of “Hold” and an average target price of $550.75.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.