Gartner, Inc. (IT - Free Report) reported better-than-expected fourth-quarter 2022 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate.
Adjusted earnings (excluding 49 cents from non-recurring items) per share of $3.70 beat the Zacks Consensus Estimate by 44% and increased 23.8% year over year. Revenues of $1.5 billion beat the Zacks Consensus Estimate by 2.6% and improved 15.2% year over year on a reported basis and 20% on a foreign-currency-neutral basis.
Total contract value was $4.7 billion, up 12% year over year on a foreign-currency-neutral basis.
Quarterly Numbers in Detail
Revenues in Research segment increased 9% year over year on a reported basis and 13% on a foreign-currency-neutral basis to $1.18 billion. Gross contribution margin was 74% in the reported quarter.
Conferences’ revenues surged 76% year over year on a reported basis and 84% on a foreign-currency-neutral basis to $188 million. Gross contribution margin was 53% in the reported quarter.
Revenues in Consulting segment grew 17% year over year on a reported basis and 24% on a foreign-currency-neutral basis to $138 million. Gross contribution margin was 37% in the reported quarter.
Adjusted EBITDA of $421 million improved 37% year over year on a reported basis and 44% on a foreign-currency-neutral basis.
Operating cash flow totaled $203 million while free cash flow was $166 million in the reported quarter. Capital expenditures totaled $38 million. Gartner repurchased $17 million common shares.
2023 View
Adjusted EPS is anticipated to be $8.80. The current Zacks Consensus Estimate of $9.40 lies above the guidance.
Adjusted EBITDA is projected to be $1.26 billion. Free cash flow is anticipated to be $920 million.
Currently, Gartner carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshots
Robert Half International Inc. (RHI - Free Report) reported mixed fourth-quarter 2022 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed.
Quarterly earnings of $1.37 per share beat the Zacks Consensus Estimate by 1.5% but declined 9.3% year over year. Revenues of $1.73 billion missed the Zacks Consensus Estimate by 0.6% and decreased 2.4% year over year.
Automatic Data Processing, Inc. (ADP - Free Report) reported better-than-expected second-quarter fiscal 2023 results.
Adjusted earnings per share of $1.96 beat the Zacks Consensus Estimate by 0.5% and grew 19% from the year-ago fiscal quarter’s reading. Total revenues of $4.4 billion beat the Zacks Consensus Estimate by 0.3% and improved 9.1% from the year-ago fiscal quarter’s reading on a reported basis and 10% on an organic constant-currency basis.
Booz Allen Hamilton Holding Corp. (BAH - Free Report) reported impressive third-quarter fiscal 2023 results, with both earnings and revenues beating the respective Zacks Consensus Estimate. Quarterly adjusted earnings (excluding 84 cents from non-recurring items) per share of $1.07 beat the Zacks Consensus Estimate by 4.9% and increased 4.9% on a year-over-year basis.
Total revenues of $2.3 billion beat the Zacks Consensus Estimate by 4% and increased 12.1% on a year-over-year basis.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
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Gartner, Inc. (IT - Free Report) reported better-than-expected fourth-quarter 2022 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate.
Adjusted earnings (excluding 49 cents from non-recurring items) per share of $3.70 beat the Zacks Consensus Estimate by 44% and increased 23.8% year over year. Revenues of $1.5 billion beat the Zacks Consensus Estimate by 2.6% and improved 15.2% year over year on a reported basis and 20% on a foreign-currency-neutral basis.
Total contract value was $4.7 billion, up 12% year over year on a foreign-currency-neutral basis.
Quarterly Numbers in Detail
Revenues in Research segment increased 9% year over year on a reported basis and 13% on a foreign-currency-neutral basis to $1.18 billion. Gross contribution margin was 74% in the reported quarter.
Conferences’ revenues surged 76% year over year on a reported basis and 84% on a foreign-currency-neutral basis to $188 million. Gross contribution margin was 53% in the reported quarter.
Revenues in Consulting segment grew 17% year over year on a reported basis and 24% on a foreign-currency-neutral basis to $138 million. Gross contribution margin was 37% in the reported quarter.
Adjusted EBITDA of $421 million improved 37% year over year on a reported basis and 44% on a foreign-currency-neutral basis.
Operating cash flow totaled $203 million while free cash flow was $166 million in the reported quarter. Capital expenditures totaled $38 million. Gartner repurchased $17 million common shares.
2023 View
Adjusted EPS is anticipated to be $8.80. The current Zacks Consensus Estimate of $9.40 lies above the guidance.
Adjusted EBITDA is projected to be $1.26 billion. Free cash flow is anticipated to be $920 million.
Currently, Gartner carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings Snapshots
Robert Half International Inc. (RHI - Free Report) reported mixed fourth-quarter 2022 results, wherein earnings beat the Zacks Consensus Estimate but revenues missed.
Quarterly earnings of $1.37 per share beat the Zacks Consensus Estimate by 1.5% but declined 9.3% year over year. Revenues of $1.73 billion missed the Zacks Consensus Estimate by 0.6% and decreased 2.4% year over year.
Automatic Data Processing, Inc. (ADP - Free Report) reported better-than-expected second-quarter fiscal 2023 results.
Adjusted earnings per share of $1.96 beat the Zacks Consensus Estimate by 0.5% and grew 19% from the year-ago fiscal quarter’s reading. Total revenues of $4.4 billion beat the Zacks Consensus Estimate by 0.3% and improved 9.1% from the year-ago fiscal quarter’s reading on a reported basis and 10% on an organic constant-currency basis.
Booz Allen Hamilton Holding Corp. (BAH - Free Report) reported impressive third-quarter fiscal 2023 results, with both earnings and revenues beating the respective Zacks Consensus Estimate. Quarterly adjusted earnings (excluding 84 cents from non-recurring items) per share of $1.07 beat the Zacks Consensus Estimate by 4.9% and increased 4.9% on a year-over-year basis.
Total revenues of $2.3 billion beat the Zacks Consensus Estimate by 4% and increased 12.1% on a year-over-year basis.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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