$0.62 Earnings Per Share Expected for Gartner Inc (IT) This Quarter

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Wall Street analysts forecast that Gartner Inc (NYSE:IT) will post earnings of $0.62 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Gartner’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.65. Gartner posted earnings per share of $0.65 during the same quarter last year, which indicates a negative year-over-year growth rate of 4.6%. The business is expected to report its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Gartner will report full year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.71 to $3.86. For the next financial year, analysts anticipate that the firm will post earnings of $4.35 per share, with EPS estimates ranging from $4.16 to $4.47. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Gartner.

Gartner (NYSE:IT) last posted its quarterly earnings results on Wednesday, August 1st. The information technology services provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. Gartner had a net margin of 2.25% and a return on equity of 35.04%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $985.98 million. During the same quarter last year, the firm posted $0.88 earnings per share. Gartner’s revenue for the quarter was up 18.7% compared to the same quarter last year.

Several analysts have issued reports on the stock. Morgan Stanley reaffirmed a “hold” rating and issued a $149.00 price objective (up previously from $142.00) on shares of Gartner in a research report on Thursday, September 13th. BMO Capital Markets reaffirmed a “buy” rating and issued a $161.00 price objective (up previously from $147.00) on shares of Gartner in a research report on Friday, August 31st. Barclays reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Gartner in a research report on Sunday, August 12th. ValuEngine raised shares of Gartner from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Finally, TheStreet raised shares of Gartner from a “c” rating to a “b” rating in a research report on Wednesday, August 1st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $143.73.

In other news, EVP Robin B. Kranich sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.09, for a total transaction of $560,360.00. Following the completion of the sale, the executive vice president now owns 16,916 shares of the company’s stock, valued at $2,369,762.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alwyn Dawkins sold 566 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $139.69, for a total transaction of $79,064.54. Following the sale, the executive vice president now directly owns 30,254 shares of the company’s stock, valued at approximately $4,226,181.26. The disclosure for this sale can be found here. Insiders sold 55,306 shares of company stock valued at $7,795,227 in the last ninety days. 4.30% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Polen Capital Management LLC grew its position in shares of Gartner by 1.7% during the second quarter. Polen Capital Management LLC now owns 5,487,422 shares of the information technology services provider’s stock worth $729,278,000 after buying an additional 93,895 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Gartner by 11.6% during the second quarter. Janus Henderson Group PLC now owns 5,238,694 shares of the information technology services provider’s stock worth $696,223,000 after buying an additional 543,074 shares in the last quarter. Select Equity Group L.P. grew its position in shares of Gartner by 4.8% during the first quarter. Select Equity Group L.P. now owns 4,977,101 shares of the information technology services provider’s stock worth $585,407,000 after buying an additional 227,874 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Gartner by 22.6% during the first quarter. Principal Financial Group Inc. now owns 3,589,077 shares of the information technology services provider’s stock worth $422,148,000 after buying an additional 662,107 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Gartner by 114.6% during the first quarter. JPMorgan Chase & Co. now owns 1,713,982 shares of the information technology services provider’s stock worth $201,598,000 after buying an additional 915,229 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

NYSE:IT traded up $1.47 during trading hours on Friday, hitting $158.38. The stock had a trading volume of 7,570 shares, compared to its average volume of 469,981. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 2.33. Gartner has a 1-year low of $111.57 and a 1-year high of $159.17. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 2.74 and a beta of 1.19.

Gartner Company Profile

Gartner, Inc operates as a research and advisory company. It operates through four segments: Research, Consulting, Events, and Talent Assessment & Other. 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 our 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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