For its second fiscal quarter (ending June 30), Gartner Inc (NYSE: IT) has reported E.P.S. of $2.95 compared to $2.50 a year ago. For the latest four quarters through June 30, E.P.S. were $10.58 versus $11.65 for the same period a year ago.
Recent Price Action
Gartner Inc (NYSE: IT) stock enjoyed a very large increase of 5.9% on 7/30/24. The shares closed at $498.77. Moreover, trading volume in this advance was exceptionally high at 241% of normal. The stock has risen 5.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
IT’s future returns on capital are forecasted to exceed 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Gartner has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 30, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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