Gartner (NYSE:IT) Issues FY 2025 Earnings Guidance

Gartner (NYSE:IT) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 11.450- for the period, compared to the consensus estimate of 13.080. The company issued revenue guidance of $6.6 billion-, compared to the consensus revenue estimate of $6.7 billion.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on IT shares. StockNews.com downgraded Gartner from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays raised shares of Gartner from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $525.00 to $600.00 in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Gartner from $529.00 to $531.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Morgan Stanley cut their price objective on Gartner from $564.00 to $555.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Finally, Robert W. Baird boosted their price objective on Gartner from $579.00 to $605.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $552.63.

Gartner Price Performance

Shares of NYSE:IT opened at $538.25 on Thursday. The company’s fifty day moving average is $509.41 and its two-hundred day moving average is $505.86. The company has a market cap of $41.52 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 3.37 and a beta of 1.34. Gartner has a 12-month low of $411.15 and a 12-month high of $584.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 2.31.

Gartner (NYSE:IT) last issued its earnings results on Tuesday, February 4th. The information technology services provider reported $5.45 earnings per share for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Gartner had a return on equity of 118.27% and a net margin of 17.33%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. Equities analysts expect that Gartner will post 11.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP William James Wartinbee III sold 189 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $523.54, for a total value of $98,949.06. Following the completion of the transaction, the executive vice president now directly owns 7,311 shares in the company, valued at approximately $3,827,600.94. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James C. Smith sold 17,533 shares of Gartner stock in a transaction on Friday, November 8th. The stock was sold at an average price of $547.09, for a total transaction of $9,592,128.97. Following the sale, the director now owns 532,294 shares in the company, valued at $291,212,724.46. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,583 shares of company stock valued at $13,884,374 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

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.