We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Gartner (IT) Tops Q1 Earnings and Revenues Estimates
Read MoreHide Full Article
Gartner, Inc. (IT - Free Report) 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.
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.
Check back later for our full write up on this Gartner earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Gartner (IT) Tops Q1 Earnings and Revenues Estimates
Gartner, Inc. (IT - Free Report) 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.
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!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>