Q4 2024 EPS Estimates for Gartner, Inc. (NYSE:IT) Reduced by Analyst

Gartner, Inc. (NYSE:IT) – Analysts at William Blair cut their Q4 2024 earnings per share (EPS) estimates for Gartner in a research note issued on Wednesday, May 1st. William Blair analyst A. Nicholas now forecasts that the information technology services provider will earn $3.03 per share for the quarter, down from their previous forecast of $3.04. The consensus estimate for Gartner’s current full-year earnings is $11.73 per share. William Blair also issued estimates for Gartner’s Q1 2025 earnings at $2.97 EPS, Q2 2025 earnings at $3.38 EPS, Q3 2025 earnings at $2.92 EPS, Q4 2025 earnings at $3.52 EPS and FY2025 earnings at $12.78 EPS.

Gartner (NYSE:IT) last announced its quarterly earnings data on Tuesday, April 30th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.40. Gartner had a return on equity of 147.74% and a net margin of 13.35%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company earned $2.88 earnings per share. Gartner’s revenue was up 4.5% compared to the same quarter last year.

Several other equities analysts have also weighed in on the company. BMO Capital Markets increased their price objective on Gartner from $444.00 to $450.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. UBS Group reduced their price objective on Gartner from $550.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley increased their price objective on Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Robert W. Baird dropped their target price on Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft began coverage on Gartner in a research report on Tuesday, April 16th. They set a “hold” rating and a $507.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Gartner has a consensus rating of “Hold” and an average price target of $477.50.

Gartner Price Performance

Shares of NYSE IT opened at $422.39 on Thursday. The stock has a fifty day simple moving average of $463.85 and a two-hundred day simple moving average of $439.90. Gartner has a 1-year low of $295.43 and a 1-year high of $486.54. The firm has a market cap of $32.93 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 3.59 and a beta of 1.32. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.60.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in Gartner in the third quarter valued at $25,000. BKM Wealth Management LLC bought a new position in shares of Gartner during the fourth quarter valued at about $26,000. MCF Advisors LLC bought a new position in shares of Gartner during the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC bought a new position in shares of Gartner during the fourth quarter valued at about $27,000. Finally, VisionPoint Advisory Group LLC grew its stake in shares of Gartner by 254.2% during the third quarter. VisionPoint Advisory Group LLC now owns 85 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 61 shares during the last quarter. Institutional investors own 91.51% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Claire Herkes sold 1,460 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Claire Herkes sold 1,460 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $475.76, for a total value of $694,609.60. Following the sale, the executive vice president now owns 2,842 shares in the company, valued at $1,352,109.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akhil Jain sold 250 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $464.55, for a total value of $116,137.50. Following the completion of the sale, the executive vice president now owns 5,239 shares in the company, valued at approximately $2,433,777.45. The disclosure for this sale can be found here. Insiders have sold a total of 22,952 shares of company stock worth $10,598,070 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

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.