$1.18 Earnings Per Share Expected for Gartner Inc (NYSE:IT) This Quarter

Equities analysts expect Gartner Inc (NYSE:IT) to post earnings of $1.18 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Gartner’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.17. Gartner posted earnings per share of $1.03 in the same quarter last year, which would suggest a positive year over year growth rate of 14.6%. The company is expected to report its next earnings report on Wednesday, August 7th.

According to Zacks, analysts expect that Gartner will report full-year earnings of $3.96 per share for the current year, with EPS estimates ranging from $3.88 to $4.02. For the next fiscal year, analysts anticipate that the business will report earnings of $4.55 per share, with EPS estimates ranging from $4.46 to $4.63. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Gartner.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, May 7th. The information technology services provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $960.72 million. Gartner had a return on equity of 37.59% and a net margin of 4.09%. Gartner’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 earnings per share.



A number of brokerages have issued reports on IT. Zacks Investment Research raised Gartner from a “sell” rating to a “hold” rating in a report on Thursday, May 9th. BMO Capital Markets boosted their price target on Gartner from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Wednesday, May 8th. Morgan Stanley boosted their price target on Gartner from $147.00 to $148.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Finally, Cantor Fitzgerald boosted their price target on Gartner from $141.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $148.38.

In other news, EVP Mr Thomas Christopher sold 8,259 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $144.14, for a total transaction of $1,190,452.26. Following the completion of the transaction, the executive vice president now directly owns 19,698 shares of the company’s stock, valued at approximately $2,839,269.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph P. Beck sold 4,032 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $157.29, for a total value of $634,193.28. Following the transaction, the executive vice president now directly owns 8,364 shares of the company’s stock, valued at $1,315,573.56. The disclosure for this sale can be found here. Insiders sold 21,869 shares of company stock valued at $3,294,177 over the last three months. 4.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Avestar Capital LLC increased its position in shares of Gartner by 1,036.8% during the first quarter. Avestar Capital LLC now owns 216 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 197 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Gartner during the first quarter worth approximately $42,000. Sontag Advisory LLC purchased a new stake in shares of Gartner during the fourth quarter worth approximately $47,000. Claybrook Capital LLC purchased a new stake in shares of Gartner during the fourth quarter worth approximately $51,000. Finally, Smithfield Trust Co. increased its position in shares of Gartner by 80.9% during the first quarter. Smithfield Trust Co. now owns 425 shares of the information technology services provider’s stock worth $64,000 after purchasing an additional 190 shares in the last quarter. 99.03% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:IT opened at $157.11 on Friday. Gartner has a 12-month low of $120.89 and a 12-month high of $161.85. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 41.45, a P/E/G ratio of 2.81 and a beta of 1.27. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.67 and a quick ratio of 0.67.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Earnings History and Estimates for Gartner (NYSE:IT)

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