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Gartner (IT) Tops Q3 Earnings and Revenues Estimates

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Gartner, Inc. (IT - Free Report) reported third-quarter 2018 earnings per share of 85 cents (on an adjusted basis) which surpassed the Zacks Consensus Estimate of 62 cents. Earnings also increased 30.7% on a year-over-year basis.

How Was the Estimate Revision Trend?

Investors should note that the Zacks Consensus Estimate for Gartner’s third-quarter 2018 earnings remained stable at 62 cents per share over the last 60 days.

However, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 11.7%.

Revenues Higher Than Expected

Gartner recorded total revenues of $921.67 million which outperformed the Zacks Consensus Estimate of $919.8 million. Moreover, revenues compared favorably with the year-ago figure of $828.08 million.

Key Stats to Note: Gartner has provided its guidance for fourth-quarter 2018. The company expects revenues in the range of $1.07-$1.12 billion and adjusted EPS in the range of $1.18–$1.34.

Zacks Rank: Currently, Gartner has a Zacks Rank #3 (Hold) 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!

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