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Gartner (IT) Tops Q1 Earnings and Revenues Estimates

Zacks Equity Research
Updated

Gartner, Inc. IT reported first-quarter 2018 earnings per share of 72 cents (on an adjusted basis), beating the Zacks Consensus Estimate of 58 cents. Earnings also increased 20% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for Gartner’s first-quarter 2018 earnings remained stable at 58 cents per share over the last 60 days.

The company also has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 5.2%.

Revenues Higher Than Expected

Gartner recorded revenues of $964 million which outperformed the Zacks Consensus Estimate of $929 million. Moreover, revenues compared favorably with the year-ago figure of $625 million.

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Key Stats to Note: Gartner has lowered its guidance for full year 2018. The company currently expects revenues in the range of $3.9–$4.0 billion, compared with earlier expectations of $4.1-4.2 billion, and adjusted EPS in the range of $3.51–$3.91, compared with $3.71–$4.11 expected earlier.

Zacks Rank: Currently, Gartner has a Zacks Rank #4 (Sell) but that could change following the company’s earnings report which was just released.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

Gartner, Inc. Price and EPS Surprise

 

Gartner, Inc. Price and EPS Surprise | Gartner, Inc. Quote

Check back later for our full write up on this Gartner earnings report later!

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Zacks Investment Research