Gartner Inc. ($IT) Stock Forecast: Up 6.9% Today

What is Gartner Inc.?

Gartner Inc. (NYSE: IT) Market Gartner Inc. is a leading research and advisory company providing information, advice, and tools for businesses in the technology sector. The overall market sentiment for IT stocks was bullish today.

Why is Gartner Inc. going up?

IT stock is up 6.9% on Jul 30, 2024 18:45

• Gartner Inc. (IT) experienced a strong bullish movement following its second-quarter FY24 earnings report.
• The company reported a 6.1% year-on-year sales growth, surpassing analyst consensus estimates, with revenue reaching $1.595 billion.
• The positive earnings and revenue figures for Q2 2024 contributed to the surge in Gartner's stock price.
• The market reacted favorably to the improved segmental performance and the company's ability to beat EPS and revenue estimates, indicating strong investor confidence in Gartner's financial health and growth prospects.

IT Price Chart

IT Technical Analysis

IT News

Why Consulting Firm Gartner's Shares Are Surging Today - Gartner ( NYSE:IT )

Gartner Inc IT shares are trading higher after the company reported second-quarter FY24 sales growth of 6.1% year-on-year to $1.595 billion, marginally above the analyst consensus estimate of $1.585 billion. Selling, general and administrative expenses increased 4.7% to $712.1 million.

https://www.benzinga.com/news/earnings/24/07/40045457/why-consulting-firm-gartners-shares-are-surging-today

Gartner ( IT ) Surpasses Earnings & Revenue Estimates in Q2

Gartner (IT) witnesses y/y top-line growth in the second quarter of 2024 due to an improved segmental performance.

https://www.zacks.com/stock/news/2312282/gartner-it-surpasses-earnings-revenue-estimates-in-q2

IT Stock Earnings: Gartner Beats EPS, Beats Revenue for Q2 2024

Gartner (NYSE:IT) just reported results for the second quarter of 2024. Gartner reported earnings per share of $3.22. This was above the analyst estimate for EPS of $3.00. The company reported revenue of $1.60 billion. This was 0.31% better than the analyst estimate for revenue of $1.59 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/07/it-stock-earnings-gartner-for-q2-of-2024/

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

The headline numbers for Gartner (IT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

https://www.zacks.com/stock/news/2311798/compared-to-estimates-gartner-it-q2-earnings-a-look-at-key-metrics

Tempus Resource by ProSymmetry Named in Gartner Hype Cycle for Strategic Portfolio Management

CLEVELAND, OH / ACCESSWIRE / July 30, 2024 / ProSymmetry, a global leader in resource portfolio management and makers of the purpose-built resource management solution Tempus Resource, announced th…

https://www.finanznachrichten.de/nachrichten-2024-07/62859126-tempus-resource-by-prosymmetry-named-in-gartner-hype-cycle-for-strategic-portfolio-management-200.htm

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Gartner Inc. Price History

04.10.2023 - IT Stock was up 9.9%

• Gartner (IT) surpassed Q3 earnings and revenue estimates, indicating strong financial performance.
• The company's revenue increase was driven by improvement in segmental results.
• Positive market sentiment and investor interest in Gartner's market outperformance and growth potential contributed to the bullish movement.
• Gartner's strong Q3 performance and revenue growth exceeding expectations led to the stock's upward movement.

03.10.2023 - IT Stock was up 5.4%

• Gartner, Inc. reported higher than expected earnings and revenue growth in its Q3 financial results, which contributed to the bullish movement of IT stock.
• The company also raised its fiscal 2023 forecast above market estimates, indicating positive expectations for future performance.
• The improving segmental performance of Gartner is expected to drive year-over-year revenue growth.
• The positive news about Oracle being named a leader in the Gartner Magic Quadrant for Distributed Hybrid Infrastructure may have also had a positive impact on the overall sentiment towards IT stock.

06.01.2024 - IT Stock was down 0.9%

• The bearish movement in IT stock today can be attributed to the following factors:
• 1. Mixed Q4 Earnings: Gartner reported mixed fourth-quarter earnings, with revenue growth of 5% year-on-year, falling slightly short of Wall Street estimates. This may have disappointed investors and led to a sell-off of the stock.
• 2. Decline in Consulting Revenue: Gartner's consulting revenue fell by 7% year-on-year, which could have raised concerns among investors about the company's ability to generate consistent growth in this segment.
• 3. Market Reaction: The market's reaction to Gartner's earnings report might have contributed to the bearish movement in IT stock. Investors may have reacted negatively to the mixed results, leading to a decrease in the stock price.
• 4. Overall Market Sentiment: It's also important to consider the overall market sentiment, as broader market trends and investor sentiment can influence the movement of individual stocks. If the market as a whole experienced a bearish day, it could have contributed to the decline in IT stock.

10.06.2024 - IT Stock was down 2.3%

• Recent profit-taking activity in IT's stock price follows a strong upward trend in the previous month, similar to the share price increase seen in Palantir.
• Collaborations among Fortinet, Versa Networks, and Oracle on AI innovations have diverted investor attention from IT, potentially contributing to the stock's decline.
• Observations suggest a shift in investment focus from IT to cloud computing stocks, viewed as more promising for future growth, aligning with trends in cloud computing technology.
• Despite today's bearish movement, IT remains a stock of interest for potential recovery or future opportunities amidst the rapid evolution of the tech sector.

30.06.2024 - IT Stock was up 5.3%

• Strong Q2 earnings and revenue performance by Gartner (IT) exceeded expectations, suggesting solid growth potential.
• Investor confidence may have been reinforced by the company's share buyback program announcement, potentially influencing the positive stock movement.
• The market's favorable reaction to Gartner's profit growth and earnings surpass indicates optimism about the company's financial strength and strategic decisions.
• Gartner's robust Q2 financial results and strategic efforts likely propelled today's bullish trend in the stock.

30.06.2024 - IT Stock was up 6.7%

• Strong Q2 2024 earnings were reported by Gartner (IT), surpassing both EPS and revenue estimates, demonstrating solid financial performance.
• Exceeding analyst expectations highlights efficient management by the company, potentially reflecting strong market demand for its services.
• Positive market sentiment towards Gartner's sustained double-digit growth outlook could have influenced the stock's bullish movement.
• Recognition in the Gartner Hype Cycle for Strategic Portfolio Management bolsters the company's reputation and might attract more investors, potentially increasing the stock price.

30.06.2024 - IT Stock was up 6.9%

• Gartner Inc. (IT) experienced a strong bullish movement following its second-quarter FY24 earnings report.
• The company reported a 6.1% year-on-year sales growth, surpassing analyst consensus estimates, with revenue reaching $1.595 billion.
• The positive earnings and revenue figures for Q2 2024 contributed to the surge in Gartner's stock price.
• The market reacted favorably to the improved segmental performance and the company's ability to beat EPS and revenue estimates, indicating strong investor confidence in Gartner's financial health and growth prospects.