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Compared to Estimates, Gartner (IT) Q2 Earnings: A Look at Key Metrics

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For the quarter ended June 2024, Gartner (IT - Free Report) reported revenue of $1.6 billion, up 6.1% over the same period last year. EPS came in at $3.22, compared to $2.85 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.58 billion, representing a surprise of +0.71%. The company delivered an EPS surprise of +6.27%, with the consensus EPS estimate being $3.03.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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 $1.27 billion estimated by three analysts on average.
  • Revenue- Conferences: $186.08 million versus $186.76 million estimated by three analysts on average.
  • Revenue- Consulting: $142.98 million versus $132.01 million estimated by three analysts on average.
View all Key Company Metrics for Gartner here>>>

Shares of Gartner have returned +6.7% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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