Gartner Inc (NYSE: IT) has reported E.P.S. of $2.69 for its first fiscal quarter (ending March 31) versus $3.72 for the same period a year ago — a decline of -28%. Relative to the consensus estimate of $2.82, this was a shortfall of $-0.13. E.P.S. were $10.13 for the latest four quarters through March 31 versus $11.70 for the same period a year ago — a decline of -13%.
Recent Price Action
On 4/30/24, Gartner Inc (NYSE: IT) stock suffered a large decline of -8.0%, closing at $412.59. Moreover, trading volume in this decline was exceptionally high at 368% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.9% during the last week.
Current PriceTarget Research Rating
IT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Gartner has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gartner has a slightly negative Appreciation Score of 32 but a very high Power Rating of 86, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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