Gartner (IT) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
I reiterate my buy rating for Gartner stock, driven by improved demand and expected growth acceleration with increased sales force hiring. Gartner's Q3 revenue of $1.484 billion beat expectations, with strong growth in research and conference segments, despite a decline in consulting revenue. Management's revised FY24 guidance and robust new business pipeline indicate continued demand momentum, supporting my positive growth outlook.
Gartner, Inc. (NYSE:IT ) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET Company Participants David Cohen - SVP, IR Gene Hall - Chairman & CEO Craig Safian - CFO Conference Call Participants Jeffrey Meuler - Baird Toni Kaplan - Morgan Stanley George Tong - Goldman Sachs Tom Rush - William Blair Joshua Chan - UBS Faiza Alwy - Deutsche Bank Manav Patnaik - Barclays Surinder Thind - Jefferies Jeff Silber - BMO Capital Markets Jason Haas - Wells Fargo David Cohen Good morning, everyone. Welcome to Gartner's Third Quarter 2024 Earnings call.
IT witnesses strong revenue growth across all segments in the third quarter of 2024.
The headline numbers for Gartner (IT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Gartner (IT) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.45 per share. This compares to earnings of $2.56 per share a year ago.
IT's third-quarter 2024 top line is likely to have been fueled by improved performances across all segments.
Gartner (IT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gartner (IT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
I reiterate a 'Buy' rating for Gartner stock with a fair value of $520 per share, driven by strong retention and contract value growth. Gartner reported 6.9% revenue growth and a 13% increase in adjusted EPS, showcasing impressive wallet retention and expanding contract values. The high retention rate and pricing power enable Gartner to monetize existing customers, driving higher average revenue per customer over time.
Gartner (IT) is gaining from its ability to provide insights using data collected by advanced technologies.
Gartner, Inc IT reported a second-quarter earnings beat and raised its FY24 guidance on Tuesday.