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Gartner (IT) Rises 57% in a Year: Here's What You Should Know
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Gartner, Inc. (IT - Free Report) has had an impressive run over the past year. The stock has gained 57.3%, significantly outperforming the 21.8% rally of the industry it belongs to and the 19.3% rise of the Zacks S&P 500 composite.
What’s Driving the Stock
The impressive price performance can be attributed to the company’s better-than-expected earnings and revenue performance in the last four quarters, driven by strong sales across the research, conferences and consulting segments.
Over the years, Gartner research reports have become indispensable tools for various companies across different sectors, strengthening its leading position in the market. Using advanced technologies to collect and analyze troves of data, the company draws on unique data assets and deep domain expertise to provide key insights and decision-support solutions for an informed decision-making process. These insights are typically drawn from a critical fact base, collated from interactions with clients in more than 14,000 distinct organizations worldwide.
Gartner has a large and diverse addressable market and an integrated research and consulting team designed to best serve client needs. These enable it to have a competitive advantage against its rivals. Leveraging the breadth and depth of its intellectual capital, the company creates and distributes proprietary research content as broadly as possible.
Gartner has a consistent track record of share repurchase. In 2022, 2021 and 2020, it repurchased 3.8 million, 7.3 million and 1.2 million shares for $1 billion, $1.7 billion, and $176.3 million, respectively. Such moves help instill investors’ confidence in the stock and positively impact earnings per share.
Zacks Rank and Stocks to Consider
Gartner currently carries a Zacks Rank #3 (Hold).
Investors interested in the Zacks Business Services sector can consider the following better-ranked stocks:
The company has an impressive earnings surprise history, beating the Zacks Consensus Estimate in three of the trailing four quarters and missing once, the average surprise being 9.6%.
Green Dot (GDOT - Free Report) : GDOT currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A.
The company has an impressive earnings surprise history, beating the consensus mark in all the trailing four quarters, with an average surprise of 37.3%.
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Gartner (IT) Rises 57% in a Year: Here's What You Should Know
Gartner, Inc. (IT - Free Report) has had an impressive run over the past year. The stock has gained 57.3%, significantly outperforming the 21.8% rally of the industry it belongs to and the 19.3% rise of the Zacks S&P 500 composite.
What’s Driving the Stock
The impressive price performance can be attributed to the company’s better-than-expected earnings and revenue performance in the last four quarters, driven by strong sales across the research, conferences and consulting segments.
Gartner, Inc. Price
Gartner, Inc. price | Gartner, Inc. Quote
Over the years, Gartner research reports have become indispensable tools for various companies across different sectors, strengthening its leading position in the market. Using advanced technologies to collect and analyze troves of data, the company draws on unique data assets and deep domain expertise to provide key insights and decision-support solutions for an informed decision-making process. These insights are typically drawn from a critical fact base, collated from interactions with clients in more than 14,000 distinct organizations worldwide.
Gartner has a large and diverse addressable market and an integrated research and consulting team designed to best serve client needs. These enable it to have a competitive advantage against its rivals. Leveraging the breadth and depth of its intellectual capital, the company creates and distributes proprietary research content as broadly as possible.
Gartner has a consistent track record of share repurchase. In 2022, 2021 and 2020, it repurchased 3.8 million, 7.3 million and 1.2 million shares for $1 billion, $1.7 billion, and $176.3 million, respectively. Such moves help instill investors’ confidence in the stock and positively impact earnings per share.
Zacks Rank and Stocks to Consider
Gartner currently carries a Zacks Rank #3 (Hold).
Investors interested in the Zacks Business Services sector can consider the following better-ranked stocks:
Maximus (MMS - Free Report) : MMS sports a Zacks Rank of 1 (Strong Buy) at present and has a VGM Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company has an impressive earnings surprise history, beating the Zacks Consensus Estimate in three of the trailing four quarters and missing once, the average surprise being 9.6%.
Green Dot (GDOT - Free Report) : GDOT currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A.
The company has an impressive earnings surprise history, beating the consensus mark in all the trailing four quarters, with an average surprise of 37.3%.