Gartner (IT) Expected to Announce Earnings on Tuesday

Gartner (NYSE:IT) is projected 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.Parties that are interested in participating in the company’s conference call can do so using this link.

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

Gartner Stock Performance

Gartner stock opened at $543.26 on Friday. Gartner has a 52 week low of $411.15 and a 52 week high of $559.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market cap of $41.90 billion, a P/E ratio of 40.06, a price-to-earnings-growth ratio of 3.34 and a beta of 1.33. The stock has a 50 day moving average of $507.91 and a 200-day moving average of $504.05.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IT. Deutsche Bank Aktiengesellschaft raised their price target on shares of Gartner from $529.00 to $531.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their target price on Gartner from $565.00 to $590.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays upgraded shares of Gartner from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. StockNews.com raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, Morgan Stanley decreased their target price on Gartner from $564.00 to $555.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Gartner presently has an average rating of “Hold” and an average target price of $550.75.

Insider Activity at Gartner

In other news, EVP William James Wartinbee III sold 189 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares of the company’s stock, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Claire Herkes sold 411 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 1,494 shares in the company, valued at $778,732.56. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,583 shares of company stock worth $19,241,974. Company insiders own 3.60% of the company’s stock.

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.