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: What's in the Cards?
Read MoreHide Full Article
Gartner, Inc. (IT - Free Report) ) is scheduled to report third-quarter 2020 results on Nov 3, before market open.
Let's check out how things have shaped up for the announcement.
Q3 Expectations
The Zacks Consensus Estimate for Gartner’s third-quarter 2020 revenues is pegged at $934.72 million, indicating a decline of 6.6% from the year-ago quarter's reported figure.
Going by segments, the consensus estimate for Research revenues is pegged at $837 million, indicating year-over-year decline of 0.5%. The coronavirus-induced challenging selling scenario, and decline in client retention and new business are likely to have weighed on the segment. The company should benefit from the temporary cost-avoidance initiatives
The consensus estimate for Consulting revenues is pegged at $79 million, indicating year-over-year decline of 15.1%. Decline in labor base revenues and small workforce action might have weighed on the segment. Demand in digital, cost optimization, and data and analytics areas should aid the segment.
The consensus mark for Conferences revenues is pegged at $3.31 million, indicating a massive decline of 94.9% from the year-ago quarter’s reported figure. Lesser number of conferences and reduced events schedule (to avoid face-to-face communication amid coronavirus-induced health restrictions) are expected to have weighed on the segment’s top line. As an alternative measure, the company is gradually shifting to virtual-conference mode.
The consensus estimate for earnings stands at 51 cents, implying a significant year-over-year decline of 27.1%.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Gartner this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Gartner has an Earnings ESP of +2.36% and a Zacks Rank #4 (Sell).
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on third-quarter 2020 earnings.
CoreLogic has an Earnings ESP of +0.89% and a Zacks Rank #3.
Waste Connections(WCN - Free Report) has an Earnings ESP of +0.57% and a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. 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) to Report Q3 Earnings: What's in the Cards?
Gartner, Inc. (IT - Free Report) ) is scheduled to report third-quarter 2020 results on Nov 3, before market open.
Let's check out how things have shaped up for the announcement.
Q3 Expectations
The Zacks Consensus Estimate for Gartner’s third-quarter 2020 revenues is pegged at $934.72 million, indicating a decline of 6.6% from the year-ago quarter's reported figure.
Going by segments, the consensus estimate for Research revenues is pegged at $837 million, indicating year-over-year decline of 0.5%. The coronavirus-induced challenging selling scenario, and decline in client retention and new business are likely to have weighed on the segment. The company should benefit from the temporary cost-avoidance initiatives
The consensus estimate for Consulting revenues is pegged at $79 million, indicating year-over-year decline of 15.1%. Decline in labor base revenues and small workforce action might have weighed on the segment. Demand in digital, cost optimization, and data and analytics areas should aid the segment.
The consensus mark for Conferences revenues is pegged at $3.31 million, indicating a massive decline of 94.9% from the year-ago quarter’s reported figure. Lesser number of conferences and reduced events schedule (to avoid face-to-face communication amid coronavirus-induced health restrictions) are expected to have weighed on the segment’s top line. As an alternative measure, the company is gradually shifting to virtual-conference mode.
The consensus estimate for earnings stands at 51 cents, implying a significant year-over-year decline of 27.1%.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Gartner this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Gartner has an Earnings ESP of +2.36% and a Zacks Rank #4 (Sell).
Gartner, Inc. Price and EPS Surprise
Gartner, Inc. price-eps-surprise | Gartner, Inc. Quote
Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider as our model shows that these have the right combination of elements to beat on third-quarter 2020 earnings.
Aptiv(APTV - Free Report) has an Earnings ESP of +13.04% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
CoreLogic has an Earnings ESP of +0.89% and a Zacks Rank #3.
Waste Connections(WCN - Free Report) has an Earnings ESP of +0.57% and a Zacks Rank #3.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot stocks we're targeting >>