Q4 2024 EPS Estimates for Gartner, Inc. (NYSE:IT) Decreased by William Blair

Gartner, Inc. (NYSE:IT) – Investment analysts at William Blair cut their Q4 2024 earnings estimates for shares of Gartner in a research report issued on Wednesday, May 1st. William Blair analyst A. Nicholas now forecasts that the information technology services provider will post earnings per share of $3.03 for the quarter, down from their previous forecast of $3.04. The consensus estimate for Gartner’s current full-year earnings is $11.56 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.

Several other research analysts also recently issued reports on IT. Deutsche Bank Aktiengesellschaft began coverage on shares of Gartner in a report on Tuesday, April 16th. They set a “hold” rating and a $507.00 price objective on the stock. BMO Capital Markets dropped their price objective on shares of Gartner from $450.00 to $432.00 and set a “market perform” rating on the stock in a report on Thursday. StockNews.com upgraded shares of Gartner from a “hold” rating to a “buy” rating in a report on Thursday. Robert W. Baird dropped their price objective on shares of Gartner from $536.00 to $517.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Morgan Stanley upped their target price on shares of Gartner from $421.00 to $446.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gartner presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.50.

Gartner Stock Performance

NYSE:IT opened at $428.64 on Thursday. The firm’s 50-day moving average is $462.52 and its 200-day moving average is $440.27. Gartner has a 52-week low of $295.43 and a 52-week high of $486.54. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $33.42 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 3.72 and a beta of 1.32.

Gartner (NYSE:IT) last announced its earnings results on Tuesday, April 30th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.53 by $0.40. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Gartner had a net margin of 13.35% and a return on equity of 141.55%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.88 EPS.

Institutional Investors Weigh In On Gartner

Large investors have recently made changes to their positions in the stock. BKM Wealth Management LLC bought a new stake in shares of Gartner during the fourth quarter worth $26,000. Frazier Financial Advisors LLC acquired a new position in Gartner during the fourth quarter worth $27,000. MCF Advisors LLC acquired a new position in Gartner during the fourth quarter worth $27,000. AdvisorNet Financial Inc lifted its stake in Gartner by 59.5% in the fourth quarter. AdvisorNet Financial Inc now owns 67 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 25 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new stake in Gartner in the fourth quarter valued at $32,000. Institutional investors own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, EVP Valentin Sribar sold 682 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the transaction, the executive vice president now directly owns 12,269 shares in the company, valued at $5,557,857. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Valentin Sribar sold 682 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $453.00, for a total transaction of $308,946.00. Following the completion of the sale, the executive vice president now directly owns 12,269 shares of the company’s stock, valued at $5,557,857. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Yvonne Genovese sold 560 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $457.37, for a total transaction of $256,127.20. Following the completion of the sale, the executive vice president now directly owns 2,398 shares of the company’s stock, valued at approximately $1,096,773.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,952 shares of company stock worth $10,598,070. 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.