Gartner (IT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Gartner (IT) reported $1.47 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 4.5%. EPS of $2.93 for the same period compares to $2.88 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.47 billion, representing a surprise of +0.26%. The company delivered an EPS surprise of +16.27%, with the consensus EPS estimate being $2.52.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Gartner performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Research: $1.27 billion versus the three-analyst average estimate of $1.25 billion. The reported number represents a year-over-year change of +4.2%.
Revenue- Consulting: $135 million versus $128.69 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
Revenue- Conferences: $70 million versus $70.24 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.7% change.
View all Key Company Metrics for Gartner here>>>
Shares of Gartner have returned -6% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Gartner, Inc. (IT) : Free Stock Analysis Report
