Gartner (IT) to Release Quarterly Earnings on Tuesday

Gartner (NYSE:IT - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect Gartner to post earnings of $2.53 per share for the quarter. Gartner has set its FY 2024 guidance at 10.550- EPS.Parties interested in listening to the company's conference call can do so using this link.

Gartner (NYSE:IT - Get Free Report) last issued its earnings results on Tuesday, February 6th. The information technology services provider reported $3.04 earnings per share for the quarter, beating analysts' consensus estimates of $2.83 by $0.21. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. Gartner had a return on equity of 156.35% and a net margin of 14.94%. The company's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 EPS. On average, analysts expect Gartner to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Gartner Price Performance

Shares of IT stock traded up $7.19 during trading hours on Tuesday, reaching $450.25. The company's stock had a trading volume of 252,950 shares, compared to its average volume of 389,042. The firm's 50 day simple moving average is $464.91 and its 200-day simple moving average is $436.38. The company has a market capitalization of $35.11 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 4.02 and a beta of 1.29. Gartner has a fifty-two week low of $292.60 and a fifty-two week high of $486.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.60.

Insider Buying and Selling at Gartner

In related news, EVP Claire Herkes sold 1,460 shares of Gartner stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares of the company's stock, valued at approximately $1,352,109.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Gartner news, EVP Claire Herkes sold 1,460 shares of the business's stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $475.76, for a total transaction of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares of the company's stock, valued at approximately $1,352,109.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James C. Smith sold 5,000 shares of the business's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $470.09, for a total transaction of $2,350,450.00. Following the sale, the director now directly owns 618,235 shares in the company, valued at approximately $290,626,091.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,952 shares of company stock worth $10,598,070. Insiders own 3.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IT shares. Deutsche Bank Aktiengesellschaft started coverage on Gartner in a report on Tuesday, April 16th. They set a "hold" rating and a $507.00 price objective on the stock. UBS Group raised Gartner from a "neutral" rating to a "buy" rating and raised their price objective for the company from $484.00 to $550.00 in a report on Thursday, April 11th. BMO Capital Markets raised their target price on Gartner from $444.00 to $450.00 and gave the stock a "market perform" rating in a research report on Thursday, February 8th. Morgan Stanley raised their target price on Gartner from $421.00 to $446.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th. Finally, StockNews.com lowered Gartner from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $477.60.

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.