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) Stock Rallies 43.7% Year to Date: Here's Why
Read MoreHide Full Article
Shares of Gartner Inc. (IT - Free Report) have charted a solid trajectory, appreciating 43.7% year to date, ahead of 10% growth of the industry it belongs to and 13.2% rise of the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
Let’s delve into factors which have contributed to the company’s price performance.
Upbeat 2021 Guidance
Gartner raised its full-year 2021 guidance. The company now expects total revenues to be $4.51 billion compared with the prior guidance of $4.37 billion. The current Zacks Consensus Estimate of $4.50 billion lies below the updated guidance.
Adjusted EPS is now anticipated to be $6.25 compared with the prior guidance of $4.10. The current Zacks Consensus Estimate of $5.99 lies below the updated guidance.
Adjusted EBITDA is now projected to be $1 billion compared with the prior guidance of $760 million. Free cash flow is now anticipated to be $850 million compared with the prior guidance of $630 million.
Consecutive Earnings & Revenue Beat
Gartner came up with better-than-expected earnings and revenue performance in the past four quarters. The company’s bottom line continued to benefit from improvement in operational efficiency. Strength across the Research segment boosted the top line.
Diverse Addressable Market
Gartner has a large and diverse addressable market with low customer concentration, which helps in mitigating operating risks. Operating in an industry with low barriers to entry, Gartner has an integrated research and consulting team designed to best serve clients’ needs. This enables it to have a competitive advantage over its rivals. Leveraging the breadth and depth of its intellectual capital, Gartner creates and distributes proprietary research content as broadly as possible via published reports, interactive tools, facilitated peer networking, briefings, consulting and advisory services, and events. These make way for a steadily improving revenue stream for the company.
Long-term (three to five years) expected earnings per share growth rate for Equifax, Charles River and TransUnion is projected at 14%, 15.5%, and 20.9%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Image: Bigstock
Gartner (IT) Stock Rallies 43.7% Year to Date: Here's Why
Shares of Gartner Inc. (IT - Free Report) have charted a solid trajectory, appreciating 43.7% year to date, ahead of 10% growth of the industry it belongs to and 13.2% rise of the Zacks S&P 500 composite.
Let’s delve into factors which have contributed to the company’s price performance.
Upbeat 2021 Guidance
Gartner raised its full-year 2021 guidance. The company now expects total revenues to be $4.51 billion compared with the prior guidance of $4.37 billion. The current Zacks Consensus Estimate of $4.50 billion lies below the updated guidance.
Adjusted EPS is now anticipated to be $6.25 compared with the prior guidance of $4.10. The current Zacks Consensus Estimate of $5.99 lies below the updated guidance.
Adjusted EBITDA is now projected to be $1 billion compared with the prior guidance of $760 million. Free cash flow is now anticipated to be $850 million compared with the prior guidance of $630 million.
Consecutive Earnings & Revenue Beat
Gartner came up with better-than-expected earnings and revenue performance in the past four quarters. The company’s bottom line continued to benefit from improvement in operational efficiency. Strength across the Research segment boosted the top line.
Diverse Addressable Market
Gartner has a large and diverse addressable market with low customer concentration, which helps in mitigating operating risks. Operating in an industry with low barriers to entry, Gartner has an integrated research and consulting team designed to best serve clients’ needs. This enables it to have a competitive advantage over its rivals. Leveraging the breadth and depth of its intellectual capital, Gartner creates and distributes proprietary research content as broadly as possible via published reports, interactive tools, facilitated peer networking, briefings, consulting and advisory services, and events. These make way for a steadily improving revenue stream for the company.
Zacks Rank and Other Stocks to Consider
Gartner currently carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Some other top-ranked stocks in the broader Zacks Business Services sector include Equifax (EFX - Free Report) , Charles River (CRAI - Free Report) and TransUnion (TRU - Free Report) , each carrying a Zacks Rank #2 (Buy).
Long-term (three to five years) expected earnings per share growth rate for Equifax, Charles River and TransUnion is projected at 14%, 15.5%, and 20.9%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>