FY2024 Earnings Estimate for Gartner Issued By William Blair

Gartner, Inc. (NYSE:IT) – Equities research analysts at William Blair upped their FY2024 earnings estimates for shares of Gartner in a report issued on Tuesday, November 5th. William Blair analyst A. Nicholas now forecasts that the information technology services provider will post earnings of $11.91 per share for the year, up from their previous estimate of $11.31. The consensus estimate for Gartner’s current full-year earnings is $11.65 per share. William Blair also issued estimates for Gartner’s Q4 2024 earnings at $3.27 EPS, Q1 2025 earnings at $2.98 EPS, Q2 2025 earnings at $3.58 EPS and Q3 2025 earnings at $2.84 EPS.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, November 5th. The information technology services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 142.05% and a net margin of 13.67%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. Gartner’s quarterly revenue was up 5.4% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Gartner from $450.00 to $510.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Bank of America raised their price target on shares of Gartner from $525.00 to $580.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com upgraded Gartner from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their target price on Gartner from $460.00 to $470.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Robert W. Baird boosted their price target on Gartner from $565.00 to $590.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Gartner presently has a consensus rating of “Hold” and a consensus target price of $539.25.

Gartner Price Performance

Shares of NYSE IT opened at $547.75 on Friday. Gartner has a 1-year low of $397.43 and a 1-year high of $552.33. The firm has a market capitalization of $42.21 billion, a PE ratio of 40.39, a P/E/G ratio of 3.14 and a beta of 1.32. The company has a debt-to-equity ratio of 3.80, a current ratio of 0.90 and a quick ratio of 0.90. The business’s fifty day moving average price is $512.66 and its two-hundred day moving average price is $474.26.

Institutional Trading of Gartner

Several hedge funds and other institutional investors have recently modified their holdings of IT. Eastern Bank purchased a new position in Gartner during the third quarter valued at approximately $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Gartner in the 1st quarter worth approximately $36,000. Crewe Advisors LLC lifted its position in Gartner by 223.3% in the second quarter. Crewe Advisors LLC now owns 97 shares of the information technology services provider’s stock worth $44,000 after purchasing an additional 67 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Gartner in the 3rd quarter valued at $44,000. Finally, Fortitude Family Office LLC raised its stake in Gartner by 23.8% during the third quarter. Fortitude Family Office LLC now owns 104 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Activity

In other Gartner news, EVP Akhil Jain sold 400 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $485.00, for a total value of $194,000.00. Following the sale, the executive vice president now directly owns 4,839 shares in the company, valued at approximately $2,346,915. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Gartner news, EVP Claire Herkes sold 478 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $506.01, for a total value of $241,872.78. Following the completion of the transaction, the executive vice president now directly owns 1,905 shares in the company, valued at $963,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Akhil Jain sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $485.00, for a total transaction of $194,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at $2,346,915. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,899 shares of company stock worth $30,317,486. 3.60% of the stock is owned by company insiders.

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.