Gartner (IT) Expected to Announce Quarterly Earnings on Tuesday

Gartner (NYSE:IT - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, May 6th. Analysts expect Gartner to post earnings of $2.80 per share and revenue of $1.53 billion for the quarter. Gartner has set its FY 2025 guidance at 11.450- EPS.

Gartner (NYSE:IT - Get Free Report) last released its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, beating the consensus estimate of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $3.04 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. On average, analysts expect Gartner to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Gartner Trading Down 0.4 %

NYSE:IT traded down $1.48 during mid-day trading on Friday, reaching $416.37. The company's stock had a trading volume of 714,574 shares, compared to its average volume of 452,863. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $31.98 billion, a P/E ratio of 25.97, a P/E/G ratio of 3.30 and a beta of 1.26. The company's fifty day simple moving average is $437.85 and its two-hundred day simple moving average is $489.25. Gartner has a twelve month low of $366.05 and a twelve month high of $584.01.

Analysts Set New Price Targets

Several equities analysts recently commented on IT shares. Robert W. Baird dropped their price target on shares of Gartner from $605.00 to $557.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. The Goldman Sachs Group reiterated a "buy" rating on shares of Gartner in a report on Tuesday, February 4th. Barclays cut their target price on shares of Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Gartner from $488.00 to $401.00 and set an "underweight" rating for the company in a research report on Wednesday, April 9th. Finally, StockNews.com cut Gartner from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $513.63.

Insider Activity

In other Gartner news, SVP John J. Rinello sold 90 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the transaction, the senior vice president now owns 3,259 shares of the company's stock, valued at $1,728,932.09. This trade represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eileen Serra sold 1,200 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the sale, the director now directly owns 1,627 shares in the company, valued at approximately $796,855.79. This represents a 42.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On Gartner

A hedge fund recently bought a new stake in Gartner stock. Brighton Jones LLC purchased a new position in Gartner, Inc. (NYSE:IT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 637 shares of the information technology services provider's stock, valued at approximately $309,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.

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.