Analysts expect that Gartner, Inc. (NYSE:IT) will announce $853.03 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Gartner’s earnings, with estimates ranging from $812.30 million to $875.39 million. Gartner reported sales of $574.06 million in the same quarter last year, which indicates a positive year-over-year growth rate of 48.6%. The business is expected to report its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Gartner will report full-year sales of $853.03 million for the current financial year, with estimates ranging from $3.27 billion to $3.49 billion. For the next financial year, analysts expect that the company will post sales of $4.03 billion per share, with estimates ranging from $3.96 billion to $4.07 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Gartner.

Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, August 8th. The information technology services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.05. Gartner had a return on equity of 103.10% and a net margin of 1.50%. The firm had revenue of $843.73 million for the quarter, compared to the consensus estimate of $892.64 million. During the same period in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 38.3% compared to the same quarter last year.

Several research firms recently commented on IT. Zacks Investment Research cut Gartner from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BMO Capital Markets restated an “outperform” rating and issued a $132.00 target price (down from $137.00) on shares of Gartner in a research report on Monday, August 14th. Royal Bank Of Canada restated a “top pick” rating and issued a $142.00 target price (up from $130.00) on shares of Gartner in a research report on Friday, July 21st. Piper Jaffray Companies restated a “hold” rating and issued a $105.00 target price on shares of Gartner in a research report on Thursday, August 31st. Finally, Credit Suisse Group restated an “outperform” rating and issued a $138.00 target price (up from $130.00) on shares of Gartner in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $126.56.

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In other news, SVP Robin B. Kranich sold 7,487 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $120.08, for a total transaction of $899,038.96. Following the completion of the sale, the senior vice president now directly owns 21,298 shares of the company’s stock, valued at approximately $2,557,463.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Alwyn Dawkins sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $118.62, for a total value of $118,620.00. Following the sale, the senior vice president now directly owns 27,137 shares of the company’s stock, valued at $3,218,990.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,363 shares of company stock valued at $2,775,387. 4.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IT. BlackRock Inc. boosted its stake in shares of Gartner by 5,309.2% during the 1st quarter. BlackRock Inc. now owns 8,174,829 shares of the information technology services provider’s stock worth $882,800,000 after acquiring an additional 8,023,700 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Gartner by 1,426.9% during the 2nd quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock worth $528,449,000 after acquiring an additional 3,998,373 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Gartner by 32.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock worth $1,072,104,000 after acquiring an additional 2,125,783 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Gartner by 62.0% during the 1st quarter. Janus Capital Management LLC now owns 3,555,481 shares of the information technology services provider’s stock worth $383,956,000 after acquiring an additional 1,360,165 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Gartner by 1,983.4% during the 1st quarter. Alliancebernstein L.P. now owns 1,329,202 shares of the information technology services provider’s stock worth $143,541,000 after acquiring an additional 1,265,402 shares in the last quarter. 91.91% of the stock is owned by institutional investors and hedge funds.

Gartner (NYSE IT) traded down 0.80% during mid-day trading on Friday, hitting $121.26. The company had a trading volume of 1,483,397 shares. The stock’s 50 day moving average price is $121.84 and its 200 day moving average price is $117.46. Gartner has a 52-week low of $84.54 and a 52-week high of $130.02. The firm has a market cap of $10.99 billion, a P/E ratio of 248.99 and a beta of 1.04.

Gartner Company Profile

Gartner, Inc is an information technology research and advisory company. The Company works with clients to research, analyze and interpret the business of information technology (IT), supply chain and marketing within the context of their individual roles. It operates in three segments: Research, Consulting and Events.

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