Gartner (IT) to Release Earnings on Tuesday

Gartner (NYSE:IT - Get Free Report) is expected to post its quarterly earnings results 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.Investors that wish to register for the company's conference call can do so using this link.

Gartner (NYSE:IT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.05. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $2.56 earnings per share. Gartner's quarterly revenue 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 Stock Up 0.9 %

NYSE IT traded up $4.65 during trading on Tuesday, hitting $541.70. The stock had a trading volume of 406,521 shares, compared to its average volume of 452,042. Gartner has a 12 month low of $411.15 and a 12 month high of $559.00. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.02. The company's 50-day moving average price is $505.97 and its two-hundred day moving average price is $502.00. The company has a market capitalization of $41.78 billion, a PE ratio of 39.95, a P/E/G ratio of 2.92 and a beta of 1.33.

Analysts Set New Price Targets

A number of research firms recently weighed in on IT. Wells Fargo & Company decreased their target price on shares of Gartner from $470.00 to $460.00 and set an "underweight" rating for the company in a research report on Friday, January 10th. StockNews.com raised Gartner from a "hold" rating to a "buy" rating in a research report on Monday. Robert W. Baird increased their price target on Gartner from $565.00 to $590.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Gartner from $529.00 to $531.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $550.75.

Insider Activity

In other Gartner news, Director James C. Smith sold 17,533 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the transaction, the director now owns 532,294 shares in the company, valued at $291,212,724.46. This trade represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William James Wartinbee III sold 189 shares of Gartner stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $523.54, for a total transaction of $98,949.06. Following the completion of the sale, the executive vice president now owns 7,311 shares of the company's stock, valued at $3,827,600.94. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,583 shares of company stock valued at $19,241,974 over the last ninety days. 3.60% of the stock is currently 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.