Gartner (IT) Expected to Announce Earnings on Tuesday

Gartner (NYSE:IT) is projected to post its Q1 2025 quarterly earnings results before the market opens on Tuesday, April 29th. Analysts expect the company to announce earnings of $2.80 per share and revenue of $1.53 billion for the quarter. Gartner has set its FY 2025 guidance at 11.450- EPS.

Gartner (NYSE:IT) last released its quarterly earnings data on Tuesday, February 4th. The information technology services provider reported $5.45 EPS for the quarter, topping the consensus estimate of $3.22 by $2.23. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.69 billion. Gartner had a net margin of 20.00% and a return on equity of 116.56%. Gartner’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $3.04 EPS. On average, analysts expect Gartner to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Gartner Trading Down 2.3 %

NYSE:IT opened at $392.50 on Tuesday. The company has a market cap of $30.15 billion, a P/E ratio of 24.49, a P/E/G ratio of 3.30 and a beta of 1.26. Gartner has a 1 year low of $366.05 and a 1 year high of $584.01. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average price is $446.21 and its two-hundred day moving average price is $491.75.

Insiders Place Their Bets

In other news, Director Eileen Serra sold 1,200 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $489.77, for a total value of $587,724.00. Following the completion of the sale, the director now owns 1,627 shares of the company’s stock, valued at approximately $796,855.79. This represents a 42.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John J. Rinello sold 90 shares of Gartner stock in a transaction on Monday, February 10th. The stock was sold at an average price of $530.51, for a total transaction of $47,745.90. Following the completion of the transaction, the senior vice president now owns 3,259 shares in the company, valued at approximately $1,728,932.09. The trade was a 2.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Gartner

A hedge fund recently bought a new stake in Gartner stock. Brighton Jones LLC bought a new position in Gartner, Inc. (NYSE:IT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 637 shares of the information technology services provider’s stock, valued at approximately $309,000. Hedge funds and other institutional investors own 91.51% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Gartner from $565.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, March 25th. Barclays lowered their target price on shares of Gartner from $510.00 to $475.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their price target on shares of Gartner from $488.00 to $401.00 and set an “underweight” rating on the stock in a report on Wednesday, April 9th. StockNews.com cut Gartner from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Gartner in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $513.63.

About Gartner

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.