Wall Street brokerages expect that Gartner, Inc. (NYSE:IT) will report $1.03 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Gartner’s earnings. The lowest sales estimate is $998.90 million and the highest is $1.05 billion. Gartner posted sales of $703.22 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 46.5%. The business is expected to announce its next earnings report on Thursday, February 1st.

On average, analysts expect that Gartner will report full year sales of $1.03 billion for the current year, with estimates ranging from $3.29 billion to $3.50 billion. For the next financial year, analysts expect that the business will report sales of $4.04 billion per share, with estimates ranging from $3.97 billion to $4.07 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Gartner.

Gartner (NYSE:IT) last released its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.13. Gartner had a negative net margin of 1.25% and a positive return on equity of 57.60%. The business had revenue of $828.09 million for the quarter, compared to analyst estimates of $826.09 million. During the same period in the previous year, the company earned $0.58 earnings per share. The business’s revenue for the quarter was up 44.3% on a year-over-year basis.

IT has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Gartner from $118.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research lowered shares of Gartner from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Royal Bank of Canada reissued a “buy” rating and set a $143.00 price objective on shares of Gartner in a report on Friday, November 3rd. Piper Jaffray Companies reissued a “hold” rating and set a $104.00 price objective on shares of Gartner in a report on Friday, November 3rd. Finally, BMO Capital Markets reissued a “buy” rating and set a $137.00 price objective on shares of Gartner in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $132.60.

Several institutional investors and hedge funds have recently made changes to their positions in IT. Janus Henderson Group PLC grew its holdings in shares of Gartner by 1,426.9% during the second quarter. Janus Henderson Group PLC now owns 4,278,595 shares of the information technology services provider’s stock valued at $528,449,000 after buying an additional 3,998,373 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Gartner by 32.4% in the second quarter. Vanguard Group Inc. now owns 8,680,305 shares of the information technology services provider’s stock valued at $1,072,104,000 after purchasing an additional 2,125,783 shares during the last quarter. State Street Corp boosted its holdings in Gartner by 31.9% in the second quarter. State Street Corp now owns 3,585,747 shares of the information technology services provider’s stock valued at $442,867,000 after purchasing an additional 867,040 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in Gartner by 7,923.9% in the third quarter. Atlantic Trust Group LLC now owns 843,152 shares of the information technology services provider’s stock valued at $104,897,000 after purchasing an additional 832,644 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Gartner by 525.5% in the third quarter. Principal Financial Group Inc. now owns 909,985 shares of the information technology services provider’s stock valued at $113,211,000 after purchasing an additional 764,504 shares during the last quarter. 95.40% of the stock is currently owned by hedge funds and other institutional investors.

Gartner (NYSE:IT) opened at $125.19 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. Gartner has a 1-year low of $90.37 and a 1-year high of $130.02. The stock has a market cap of $11,350.00, a price-to-earnings ratio of -368.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05.

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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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