Analysts Expect Gartner Inc (NYSE:IT) Will Post Earnings of $1.18 Per Share
Wall Street analysts expect Gartner Inc (NYSE:IT) to post earnings per share of $1.18 for the current quarter, according to Zacks. Four analysts have issued estimates for Gartner’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.17. Gartner posted earnings of $1.03 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.6%. The firm is expected to announce its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Gartner will report full-year earnings of $3.96 per share for the current financial year, with EPS estimates ranging from $3.88 to $4.02. For the next financial year, analysts expect that the company will post earnings of $4.55 per share, with EPS estimates ranging from $4.46 to $4.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Gartner.
Gartner (NYSE:IT) last posted its quarterly earnings results on Tuesday, May 7th. The information technology services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The business had revenue of $970.00 million during the quarter, compared to analyst estimates of $960.72 million. Gartner had a net margin of 4.09% and a return on equity of 37.59%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS.
Shares of NYSE:IT traded down $0.48 during trading on Friday, reaching $158.12. The company had a trading volume of 4,736 shares, compared to its average volume of 287,044. The firm has a market cap of $14.29 billion, a P/E ratio of 41.72, a P/E/G ratio of 2.81 and a beta of 1.28. Gartner has a twelve month low of $120.89 and a twelve month high of $161.85. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.34.
In related news, EVP Joseph P. Beck sold 4,032 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $157.29, for a total transaction of $634,193.28. Following the completion of the transaction, the executive vice president now owns 8,364 shares in the company, valued at $1,315,573.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Patrick Diliberto sold 700 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $154.00, for a total transaction of $107,800.00. Following the transaction, the executive vice president now owns 8,652 shares of the company’s stock, valued at approximately $1,332,408. The disclosure for this sale can be found here. Insiders sold 13,610 shares of company stock valued at $2,103,725 in the last quarter. Corporate insiders own 4.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Avestar Capital LLC lifted its holdings in Gartner by 1,036.8% during the first quarter. Avestar Capital LLC now owns 216 shares of the information technology services provider’s stock worth $31,000 after buying an additional 197 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in Gartner during the first quarter worth $42,000. Sontag Advisory LLC purchased a new stake in Gartner during the fourth quarter worth $47,000. Claybrook Capital LLC purchased a new stake in Gartner during the fourth quarter worth $51,000. Finally, Smithfield Trust Co. lifted its holdings in Gartner by 80.9% during the first quarter. Smithfield Trust Co. now owns 425 shares of the information technology services provider’s stock worth $64,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 99.03% of the company’s stock.
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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