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Gartner (IT) Misses on Q4 Earnings, Offers Initial Guidance
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Gartner, Inc. (IT - Free Report) is reportedly the world’s leading information technology research and advisory firm. The company offers rich domain expertise and technology-related insight necessary for informed decision-making process. Over the years, IT’s comprehensive services portfolio has enabled customers across the spectrum to research, analyze and interpret the business with greater precision, efficiency, and discipline. The top-line growth of the company is expected to benefit from improved end-market demand, new product rollouts and market share gains.
However, some of IT’s services are cyclically sensitive. In addition, revenue from the federal government business is exposed to lengthy approval times and other austerity measures, which often increase operating risks. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, IT has reported a positive average earnings surprise of 7.6%, beating estimates thrice.
Currently, IT has a Zacks Rank #3 (Hold), but that could definitely change following fourth-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: IT misses on earnings. IT reported adjusted earnings of $1.17 per share, which missed the Zacks Consensus Estimate of $1.28.
Revenues: Quarterly revenues beat estimates. IT recorded adjusted revenues of $1,064.6 million, ahead of the Zacks Consensus Estimate of $1,030 million.
Key Stats to Note: IT has offered an initial guidance for full year 2018. The company currently expects GAAP revenues in the range of $4,095–$4,200 billion, and adjusted EPS in the range of $3.71–$4.11.
Stock Price: Shares prices did not show any movement in pre-market trading at the time of writing.
Check back our full write up on this IT earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Gartner (IT) Misses on Q4 Earnings, Offers Initial Guidance
Gartner, Inc. (IT - Free Report) is reportedly the world’s leading information technology research and advisory firm. The company offers rich domain expertise and technology-related insight necessary for informed decision-making process. Over the years, IT’s comprehensive services portfolio has enabled customers across the spectrum to research, analyze and interpret the business with greater precision, efficiency, and discipline. The top-line growth of the company is expected to benefit from improved end-market demand, new product rollouts and market share gains.
However, some of IT’s services are cyclically sensitive. In addition, revenue from the federal government business is exposed to lengthy approval times and other austerity measures, which often increase operating risks. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, IT has reported a positive average earnings surprise of 7.6%, beating estimates thrice.
Currently, IT has a Zacks Rank #3 (Hold), but that could definitely change following fourth-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: IT misses on earnings. IT reported adjusted earnings of $1.17 per share, which missed the Zacks Consensus Estimate of $1.28.
Gartner, Inc. Price and EPS Surprise
Gartner, Inc. Price and EPS Surprise | Gartner, Inc. Quote
Revenues: Quarterly revenues beat estimates. IT recorded adjusted revenues of $1,064.6 million, ahead of the Zacks Consensus Estimate of $1,030 million.
Key Stats to Note: IT has offered an initial guidance for full year 2018. The company currently expects GAAP revenues in the range of $4,095–$4,200 billion, and adjusted EPS in the range of $3.71–$4.11.
Stock Price: Shares prices did not show any movement in pre-market trading at the time of writing.
Check back our full write up on this IT earnings report later!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>