Gartner (IT) Projected to Post Quarterly Earnings on Tuesday

Gartner (NYSE:IT - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results 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, topping analysts' consensus estimates of $3.22 by $2.23. Gartner had a return on equity of 116.56% and a net margin of 20.00%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $3.04 EPS. Gartner'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 Stock Performance

NYSE:IT traded down $1.48 during trading hours on Friday, reaching $416.37. 714,574 shares of the stock were exchanged, compared to its average volume of 453,869. The stock has a market capitalization 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. Gartner has a 52 week low of $366.05 and a 52 week high of $584.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The firm has a 50 day simple moving average of $437.85 and a 200-day simple moving average of $488.82.

Insider Activity at Gartner

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

Institutional Investors Weigh In On Gartner

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

Analysts Set New Price Targets

IT has been the topic of several recent research reports. Robert W. Baird cut their price target on Gartner from $605.00 to $557.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Barclays cut their price target on Gartner from $510.00 to $475.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Morgan Stanley cut their price target on Gartner from $564.00 to $555.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company cut their price target on Gartner from $488.00 to $401.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com downgraded Gartner from a "buy" rating to a "hold" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Gartner presently has a consensus rating of "Hold" and a consensus target price of $513.63.

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.