Analysts Expect Gartner Inc (NYSE:IT) to Post $0.45 EPS

Brokerages predict that Gartner Inc (NYSE:IT) will announce earnings per share (EPS) of $0.45 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gartner’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.48. Gartner posted earnings of $0.85 per share in the same quarter last year, which would indicate a negative year over year growth rate of 47.1%. The business is scheduled to report its next earnings report on Thursday, November 7th.

On average, analysts expect that Gartner will report full-year earnings of $3.51 per share for the current financial year, with EPS estimates ranging from $3.42 to $3.59. For the next year, analysts expect that the firm will report earnings of $4.01 per share, with EPS estimates ranging from $3.96 to $4.08. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Gartner.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, July 30th. The information technology services provider reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.27. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Gartner had a net margin of 5.43% and a return on equity of 41.29%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS.

Several equities analysts have commented on IT shares. BMO Capital Markets lowered their target price on shares of Gartner to $142.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 31st. ValuEngine raised shares of Gartner from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Morgan Stanley lowered their target price on shares of Gartner from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $151.67.

In other news, EVP Alwyn Dawkins sold 771 shares of Gartner stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $129.52, for a total value of $99,859.92. Following the transaction, the executive vice president now owns 34,235 shares of the company’s stock, valued at approximately $4,434,117.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne Sutherland Fuchs sold 1,828 shares of Gartner stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $136.75, for a total transaction of $249,979.00. Following the completion of the transaction, the director now directly owns 27,237 shares in the company, valued at approximately $3,724,659.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,499 shares of company stock worth $601,805. 4.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Ibex Wealth Advisors acquired a new position in shares of Gartner in the 2nd quarter worth approximately $40,000. CSat Investment Advisory L.P. boosted its holdings in shares of Gartner by 114.8% in the second quarter. CSat Investment Advisory L.P. now owns 348 shares of the information technology services provider’s stock worth $56,000 after buying an additional 186 shares during the period. FTB Advisors Inc. acquired a new position in shares of Gartner in the second quarter worth about $60,000. Point72 Hong Kong Ltd acquired a new position in shares of Gartner in the second quarter worth about $76,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Gartner by 98.0% in the second quarter. Advisory Services Network LLC now owns 788 shares of the information technology services provider’s stock worth $127,000 after buying an additional 390 shares during the period. 95.99% of the stock is currently owned by institutional investors.

Gartner stock traded down $2.13 during trading hours on Tuesday, hitting $140.86. 595,233 shares of the company traded hands, compared to its average volume of 490,147. The firm has a market cap of $12.81 billion, a P/E ratio of 37.17, a P/E/G ratio of 3.10 and a beta of 1.23. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm’s 50-day simple moving average is $135.26 and its two-hundred day simple moving average is $150.67. Gartner has a 1-year low of $120.89 and a 1-year high of $171.77.

About Gartner

Gartner, Inc operates as a research and advisory company. It operates through three segments: Research, Conferences, and Consulting. The Research segment offers objective insights and advice on the priorities of various leaders in a range of functional areas of the enterprise through research and other reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs that enable clients to make better decisions; and practice and talent management research insights in various business functions, such as human resources, sales, legal, and finance.

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Earnings History and Estimates for Gartner (NYSE:IT)

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