Gartner Inc (NYSE: IT) has reported earnings for its third fiscal quarter (ending September 30) of $5.36 versus $2.28 for the same period a year ago — an increase of 135%. E.P.S. were $13.64 for the latest four quarters through September 30 versus $11.75 for the same period a year ago — an increase of 16%.
Recent Price Action
On 11/5/24, Gartner Inc (NYSE: IT) stock increased 1.7%, closing at $513.48. Moreover, trading volume in this advance was exceptionally high at 254% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
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 C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Gartner has a slightly negative Appreciation Score of 30 but a slightly positive Power Rating of 61, triggering the Low 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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