Gartner Inc Expected to Post Q2 2018 Earnings of $1.07 Per Share (IT)
Gartner Inc (NYSE:IT) – Equities research analysts at William Blair lowered their Q2 2018 EPS estimates for Gartner in a report released on Tuesday. William Blair analyst T. Mchugh now expects that the information technology services provider will post earnings of $1.07 per share for the quarter, down from their prior forecast of $1.10. William Blair also issued estimates for Gartner’s Q4 2018 earnings at $1.46 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $1.28 EPS and Q4 2019 earnings at $1.72 EPS.
Gartner (NYSE:IT) last announced its quarterly earnings results on Tuesday, February 6th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.15). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Gartner had a net margin of 0.10% and a return on equity of 49.06%. The business’s revenue for the quarter was up 44.3% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share.
Gartner (NYSE IT) opened at $115.49 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 3.38. The stock has a market capitalization of $10,357.78, a P/E ratio of 34.62, a P/E/G ratio of 1.76 and a beta of 1.06. Gartner has a fifty-two week low of $100.33 and a fifty-two week high of $142.16.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC lifted its stake in Gartner by 466.7% in the second quarter. Advisory Services Network LLC now owns 969 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 798 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Gartner by 52.4% in the third quarter. Advisors Asset Management Inc. now owns 1,468 shares of the information technology services provider’s stock valued at $183,000 after buying an additional 505 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Gartner by 552.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,475 shares of the information technology services provider’s stock valued at $182,000 after buying an additional 1,249 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in Gartner in the third quarter valued at approximately $185,000. Finally, Parkwood LLC purchased a new stake in Gartner in the third quarter valued at approximately $201,000. Institutional investors own 95.73% of the company’s stock.
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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.
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