Brokerages Expect Gartner, Inc. (IT) Will Post Earnings of $1.28 Per Share

Brokerages predict that Gartner, Inc. (NYSE:IT) will post earnings per share (EPS) of $1.28 for the current quarter, according to Zacks. Three analysts have made estimates for Gartner’s earnings. The lowest EPS estimate is $1.25 and the highest is $1.33. Gartner reported earnings of $0.97 per share during the same quarter last year, which indicates a positive year over year growth rate of 32%. The company is scheduled to issue its next earnings results on Thursday, February 1st.

On average, analysts expect that Gartner will report full year earnings of $3.43 per share for the current year, with EPS estimates ranging from $3.40 to $3.48. For the next year, analysts expect that the business will post earnings of $4.02 per share, with EPS estimates ranging from $3.95 to $4.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Gartner.

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

A number of research analysts recently issued reports on the company. Cantor Fitzgerald restated a “buy” rating and set a $139.00 price target on shares of Gartner in a report on Thursday, November 2nd. Royal Bank of Canada restated a “buy” rating and set a $143.00 price target on shares of Gartner in a report on Friday, November 3rd. Zacks Investment Research downgraded Gartner from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. BMO Capital Markets restated a “buy” rating and set a $137.00 price target on shares of Gartner in a report on Friday, October 13th. Finally, Robert W. Baird restated a “buy” rating and set a $135.00 price target on shares of Gartner in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Gartner currently has a consensus rating of “Buy” and a consensus price target of $128.10.

A number of institutional investors have recently bought and sold shares of IT. State of Alaska Department of Revenue boosted its position in shares of Gartner by 70.8% in the 4th quarter. State of Alaska Department of Revenue now owns 17,942 shares of the information technology services provider’s stock worth $2,208,000 after purchasing an additional 7,440 shares in the last quarter. McCollum Christoferson Group LLC bought a new stake in shares of Gartner in the 4th quarter worth approximately $3,264,000. Schwab Charles Investment Management Inc. boosted its position in shares of Gartner by 6.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 495,756 shares of the information technology services provider’s stock worth $61,053,000 after purchasing an additional 28,027 shares in the last quarter. National Pension Service bought a new stake in shares of Gartner in the 4th quarter worth approximately $13,727,000. Finally, Bank of Montreal Can boosted its position in shares of Gartner by 3.7% in the 4th quarter. Bank of Montreal Can now owns 45,032 shares of the information technology services provider’s stock worth $5,546,000 after purchasing an additional 1,613 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gartner (IT) traded up $3.35 during trading hours on Friday, reaching $137.35. The company had a trading volume of 762,846 shares, compared to its average volume of 454,775. Gartner has a 52 week low of $95.40 and a 52 week high of $134.02. The stock has a market cap of $12,450.00, a P/E ratio of -403.97, a PEG ratio of 2.05 and a beta of 1.05. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.73 and a current ratio of 0.73.

WARNING: This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/19/brokerages-expect-gartner-inc-it-will-post-earnings-of-1-28-per-share.html.

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.

Get a free copy of the Zacks research report on Gartner (IT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply