Gartner Inc reports results for the quarter ended in March - Earnings Summary

Gartner

30/04/2024 14:52

* Gartner Inc  IT.N  reported quarterly adjusted earnings of
$2.93​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$2.88.  The mean expectation of eleven analysts for the quarter
was for earnings of $2.53 per share. Wall Street expected
results to range from $2.35  to $2.84 per share.
    * Revenue rose 4.5% to $1.47 billion from a year ago;
analysts
expected $1.47 billion. 
    * Gartner Inc's reported EPS for the quarter was $2.67​.
    * The company reported quarterly net income of $210.5
million.
    * Gartner Inc shares had fallen by 5.9% this quarter and
lost 0.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Gartner Inc is
$507.00 
This summary was machine generated from LSEG data April 30 at
01:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      2.53           2.93           Beat
 Dec. 31 2023      2.83           3.04           Beat
 Sep. 30 2023      1.96           2.56           Beat
 Jun. 30 2023      2.51           2.85           Beat