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) to Report Q3 Earnings: Is a Beat in Store?
Read MoreHide Full Article
Gartner, Inc. (IT - Free Report) is scheduled to report third-quarter 2018 earnings on Nov 1, before the opening bell.
In a year’s time, shares of the company have gained 13.8% compared with the industry’s rise of 10.5%.
Top-Line Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $920 million, indicating an improvement of 11.1% from the year-ago quarter’s figure. The upside is likely to be driven by strong performance in the Research, Consulting and Events segments. Moreover, the company expects to deliver strong top-line performance in the to-be-reported quarter on the back of strengthening U.S. dollar during the course of the second quarter. In the last reported quarter, revenues of $1 billion improved 19% year over year.
The Zacks Consensus Estimate for revenues in the Research segment is pegged at $776 million, reflecting an improvement of 18.8% from the year-ago quarter’s figure. In second-quarter 2018, segment revenues of $770 million increased 25% year over year.
The consensus estimate for revenues in the Consulting segment is pegged at $76 million, indicating year-over-year growth of 5.6%. In second-quarter 2018, segment revenues of $96 million improved 5% year over year.
The consensus mark for revenues in the Events segment is pegged at $48.06 million, indicating year-over-year growth of 6.9%. In the last reported quarter, segment revenues of $111 million improved 22% year over year.
Seasonality to Affect Bottom Line
The Zacks Consensus Estimate for earnings per share is pegged at 62 cents, indicating year-over-year decline of 4.6%. Seasonality is expected to have a higher negative impact in the to-be-reported than the year-ago quarter. Post the acquisition of CEB, the company generates majority of profits in the second and fourth quarter, while the same declines during the first and third quarter.
In the last reported quarter, adjusted earnings of $1.03 per share increased 17% on a year-over-year basis.
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP.
Gartner has a Zacks Rank #3 and an Earnings ESP of +1.07%, a combination that increases the odds of an earnings beat.
Stocks with a Zacks Rank #4 (Sell) or 5 (Strong Sell) are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other stocks from the broader Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat estimates in third-quarter 2018:
WEX Inc. (WEX - Free Report) has an Earnings ESP of +0.15% and a Zacks Rank #2. The company is slated to report quarterly results on Oct 31.
Genpact Limited (G - Free Report) has an Earnings ESP of +0.82% and a Zacks Rank #3. The company is scheduled to report quarterly numbers on Nov 6.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Gartner (IT) to Report Q3 Earnings: Is a Beat in Store?
Gartner, Inc. (IT - Free Report) is scheduled to report third-quarter 2018 earnings on Nov 1, before the opening bell.
In a year’s time, shares of the company have gained 13.8% compared with the industry’s rise of 10.5%.
Top-Line Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $920 million, indicating an improvement of 11.1% from the year-ago quarter’s figure. The upside is likely to be driven by strong performance in the Research, Consulting and Events segments. Moreover, the company expects to deliver strong top-line performance in the to-be-reported quarter on the back of strengthening U.S. dollar during the course of the second quarter. In the last reported quarter, revenues of $1 billion improved 19% year over year.
The Zacks Consensus Estimate for revenues in the Research segment is pegged at $776 million, reflecting an improvement of 18.8% from the year-ago quarter’s figure. In second-quarter 2018, segment revenues of $770 million increased 25% year over year.
The consensus estimate for revenues in the Consulting segment is pegged at $76 million, indicating year-over-year growth of 5.6%. In second-quarter 2018, segment revenues of $96 million improved 5% year over year.
The consensus mark for revenues in the Events segment is pegged at $48.06 million, indicating year-over-year growth of 6.9%. In the last reported quarter, segment revenues of $111 million improved 22% year over year.
Seasonality to Affect Bottom Line
The Zacks Consensus Estimate for earnings per share is pegged at 62 cents, indicating year-over-year decline of 4.6%. Seasonality is expected to have a higher negative impact in the to-be-reported than the year-ago quarter. Post the acquisition of CEB, the company generates majority of profits in the second and fourth quarter, while the same declines during the first and third quarter.
In the last reported quarter, adjusted earnings of $1.03 per share increased 17% on a year-over-year basis.
Gartner, Inc. Price and EPS Surprise
Gartner, Inc. Price and EPS Surprise | Gartner, Inc. Quote
Zacks Model
Please note that according to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP.
Gartner has a Zacks Rank #3 and an Earnings ESP of +1.07%, a combination that increases the odds of an earnings beat.
Stocks with a Zacks Rank #4 (Sell) or 5 (Strong Sell) are best avoided, especially if the companies are witnessing negative estimate revisions. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks to Consider
Here are a few other stocks from the broader Business Services sector that investors may consider, as our model shows that these have the right combination of elements to beat estimates in third-quarter 2018:
Clean Harbors, Inc. (CLH - Free Report) has an Earnings ESP of +1.22% and a Zacks Rank of 1. The company is scheduled to report quarterly numbers on Oct 31. You can see the complete list of today’s Zacks #1 Rank stocks here.
WEX Inc. (WEX - Free Report) has an Earnings ESP of +0.15% and a Zacks Rank #2. The company is slated to report quarterly results on Oct 31.
Genpact Limited (G - Free Report) has an Earnings ESP of +0.82% and a Zacks Rank #3. The company is scheduled to report quarterly numbers on Nov 6.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>