Ups and downs related to tariff threats and a potential interest rate reduction made August a positive month overall for the stock market. From the end of July through the closing bell on Aug. 29, the benchmark S&P 500 (^GSPC -0.64%) index gained 1.9%
Tech advisory firm Gartner Inc. NYSE: IT has had a rough couple of months. Having hit an all-time high back in February, they've shown just how bad things can get when sentiment changes.
I downgrade Gartner to Hold due to decelerating Contract Value growth and worsening macro/geopolitical headwinds impacting future growth outlook. 2Q25 results showed headline strength, but a sharp slowdown in forward-looking metrics forced a cut in revenue guidance and reset investor expectations. Government procurement friction and new tariff-related uncertainty are intensifying, leading to client cost cutting and elongated sales cycles.
Shares of Gartner Inc. NYSE: IT are trading just over $240, down from $340 barely two weeks ago. The stock had already been trending lower since February, but few could have predicted the sheer scale of the collapse over the past fortnight.
Shares of Gartner plunged 28% on August 5, according to Google Finance, culminating a wipe out of half the company's market value since the beginning of 2025.
Major U.S. equities indexes slipped on Tuesday after data revealed an unexpected downtick in the country's services sector in July, while traders monitored the latest developments on tariffs.
Gartner, Inc. (NYSE:IT ) Q2 2025 Earnings Conference Call August 5, 2025 8:00 AM ET Company Participants Craig W. Safian - Executive VP & CFO David Cohen - Senior Vice President of Investor Relations Eugene A.
IT posts strong second-quarter 2025 with EPS up 18.5% and revenues rising 5.6% y/y, but trims its full-year revenue and EBITDA guidance.
U.S. equities fell at midday following a weak report on the services industry and concerns about new tariffs. The S&P 500, and Nasdaq dropped about 0.5% and the Dow Jones Industrial Average slipped 0.3%.
Gartner (IT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Gartner (IT) came out with quarterly earnings of $3.53 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $3.22 per share a year ago.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Gartner (IT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2025.