The market expects Gartner (IT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Gartner, Inc. (IT) stock has showcased a decent run in the past six months. Shares of the company have gained 9.5%, outperforming the industry by a slight margin and the Zacks S&P 500 composite by 7.4%, respectively.Six Months Price Performance Image Source: Zacks Investment Research Gartner reported better-than-expected third-quarter 2024 results. The company’s adjusted earnings per share of $2.5 beat the Zacks Consensus Estimate by 2% but decreased 2.3% from the year-ago quarter. Revenues of $1.5 billion ...

Core Insights - Edge Total Intelligence Inc. (edgeTI) has been recognized by Gartner in the 2024 Hype Cycle for Revenue and Sales Technology as a Sample Vendor in the Digital Twin of a Customer (DToC) category [2][4] - The DToC is defined as a dynamic virtual representation of a customer that organizations can use to simulate and anticipate behavior, applicable to individuals, enterprise customers, personas, and groups [5] - Jim Barrett, CEO of edgeTI, emphasized the importance of integrating sales technologies to enhance buyer confidence and reduce seller frustration, highlighting the need for solutions that bridge data silos across multiple channels [3][4][5] Company Overview - edgeTI provides real-time digital twin software through its edgeCore™ solution, which integrates various software applications and data sources into a cohesive digital twin experience [8] - The platform aims to improve profitability and agility for global enterprises, service providers, and governments by transforming siloed systems and data [8] - edgeTI offers demonstrations and free evaluations of its Digital Twins to prospective enterprises via its website [5]

| --- | --- | --- | |---------|-------|-------| | | | | | | | | | | | | | | | | | Third | | | | | | | | Quarter | | | © 2024 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. or its affiliates. This presentation, including all supporting materials, is proprietary to Gartner, Inc. and/or its affiliates and is for the sole internal use of the intended recipients. Because this presentation may contain information that is confidential, proprietary or ot ...

Gartner (IT) reported $1.48 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.4%. EPS of $2.50 for the same period compares to $2.56 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.47 billion, representing a surprise of +0.71%. The company delivered an EPS surprise of +2.04%, with the consensus EPS estimate being $2.45.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Core Viewpoint - Gartner reported quarterly earnings of $2.50 per share, exceeding the Zacks Consensus Estimate of $2.45 per share, but down from $2.56 per share a year ago, indicating a 2.04% earnings surprise [1] - The company posted revenues of $1.48 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.71% and showing a year-over-year increase from $1.41 billion [2] Earnings Performance - Over the last four quarters, Gartner has surpassed consensus EPS estimates four times, demonstrating consistent performance [2] - The company had an earnings surprise of 6.27% in the previous quarter, with actual earnings of $3.22 per share compared to an expected $3.03 [1][2] Stock Movement and Outlook - Gartner shares have increased by approximately 12% since the beginning of the year, while the S&P 500 has gained 19.8%, indicating underperformance relative to the broader market [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] Future Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $3.05, with expected revenues of $1.69 billion, and for the current fiscal year, the estimate is $11.65 on revenues of $6.23 billion [7] - The trend for estimate revisions ahead of the earnings release was favorable, contributing to a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6] Industry Context - The Consulting Services industry, to which Gartner belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission File Number 1-14443 Gartner, Inc. (Exact name of Registrant as specified in its charter) Delaware 04-3099750 (State or other jurisdiction of (I.R.S. Employer incorporation ...

[Gartner Third Quarter 2024 Financial Results](index=1&type=section&id=Gartner%20Third%20Quarter%202024%20Financial%20Results) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) Gartner reported strong Q3 2024 results, with revenues rising 5.4% to $1.5 billion and a significant 130.6% increase in net income to $415 million. Total contract value grew 7.3% (FX neutral) to $5.0 billion. While GAAP Diluted EPS surged 135.4%, Adjusted EPS saw a slight decline of 2.3%. The company's performance was ahead of expectations, driven by growth in the Research and Conferences segments [Consolidated Results](index=1&type=section&id=Consolidated%20Results) In Q3 2024, Gartner's revenue increased by 5.4% to $1.484 billion. GAAP net income surged by 130.6% to $415 million, and GAAP Diluted EPS grew 135.4% to $5.32. On a non-GAAP basis, Adjusted EBITDA rose 2.1% to $340 million, while Adjusted EPS fell 2.3% to $2.50. The company also demonstrated strong liquidity with operating and free cash flow growing 78.5% and 86.8% respectively | Metric | Q3 2024 | Q3 2023 | % Change | % Change (FX Neutral) | | :--- | :--- | :--- | :--- | :--- | | **GAAP Metrics** | | | | | | Revenues | $1,484M | $1,409M | +5.4% | +5.6% | | Net Income | $415M | $180M | +130.6% | N/A | | Diluted EPS | $5.32 | $2.26 | +135.4% | N/A | | Operating Cash Flow | $591M | $331M | +78.5% | N/A | | **Non-GAAP Metrics** | | | | | | Adjusted EBITDA | $340M | $333M | +2.1% | +2.8% | | Adjusted EPS | $2.50 | $2.56 | -2.3% | N/A | | Free Cash Flow | $565M | $302M | +86.8% | N/A | - CEO Gene Hall noted that Revenue, Adjusted EBITDA, and Adjusted EPS were ahead of expectations, and the company remains on a path for long-term, sustained, double-digit growth[3](index=3&type=chunk) [Contract Value and Segment Performance](index=1&type=section&id=Contract%20Value%20and%20Segment%20Performance) Total contract value reached $5.0 billion, marking a 7.3% year-over-year increase on an FX neutral basis. This growth was supported by a notable 11.6% FX neutral increase in Global Business Sales (GBS) contract value. By segment, Conferences revenue showed the strongest growth at 32.5%, followed by Research at 5.1%, while Consulting revenue declined by 3.9% - Key contract value highlights include: - **Total Contract Value:** $5.0 billion, +7.3% YoY FX Neutral - **Global Technology Sales (GTS) CV:** $3.9 billion, +6.1% YoY FX Neutral - **Global Business Sales (GBS) CV:** $1.2 billion, +11.6% YoY FX Neutral[1](index=1&type=chunk)[5](index=5&type=chunk) | Segment | Revenue (Q3 2024) | YoY % Change | YoY % Change (FX Neutral) | Gross Contribution | Contribution Margin | | :--- | :--- | :--- | :--- | :--- | :--- | | Research | $1,281M | +5.1% | +5.4% | $943M | 73.7% | | Conferences | $76M | +32.5% | +30.5% | $30M | 40.2% | | Consulting | $128M | -3.9% | -3.7% | $42M | 32.5% | [Financial Statements and Reconciliations](index=6&type=section&id=Financial%20Statements%20and%20Reconciliations) This section provides the detailed GAAP financial statements and reconciles them to the non-GAAP measures used by management. It includes the Condensed Consolidated Statement of Operations and detailed calculations for Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, and Free Cash Flow, highlighting a significant $300 million gain from event cancellation insurance claims which impacted GAAP results [Condensed Consolidated Statement of Operations](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Operations) For Q3 2024, total revenues were $1.484 billion, up from $1.409 billion in Q3 2023, driven by growth in Research and Conferences. A significant $300 million gain on event cancellation insurance claims substantially boosted income before taxes to $526.8 million and resulted in a net income of $415.0 million, compared to $180.0 million in the prior-year period | (In millions) | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | **Total Revenues** | **$1,484.3** | **$1,408.8** | | Total costs and expenses | $1,238.5 | $1,164.4 | | **Operating income** | **$245.8** | **$244.4** | | Gain on event cancellation insurance claims | $300.0 | $— | | Income before income taxes | $526.8 | $224.5 | | **Net income** | **$415.0** | **$180.0** | | **Diluted EPS** | **$5.32** | **$2.26** | [Non-GAAP Reconciliations](index=6&type=section&id=Non-GAAP%20Reconciliations) The reconciliation tables detail adjustments from GAAP to non-GAAP figures. To calculate Adjusted EBITDA of $340 million, GAAP net income of $415 million was adjusted for items including a $300 million gain on insurance claims. Similarly, Adjusted Net Income of $195 million and Adjusted EPS of $2.50 were derived after adjusting for the insurance gain, amortization of acquired intangibles, and other non-recurring items. Free Cash Flow was calculated at $565 million after deducting $26 million in capital expenditures from operating cash flow Reconciliation of GAAP Net Income to Adjusted EBITDA | (In millions) | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | **GAAP net income** | **$415** | **$180** | | Gain on event cancellation insurance claims | ($300) | $— | | Tax provision | $112 | $44 | | Interest expense, net | $18 | $22 | | Other adjustments | $95 | $89 | | **Adjusted EBITDA** | **$340** | **$333** | Reconciliation of GAAP Net Income to Adjusted Net Income | (In millions) | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | **GAAP net income** | **$415** | **$180** | | Gain on event cancellation insurance claims | ($300) | $— | | Amortization of acquired intangibles | $22 | $24 | | Tax impact of adjustments | $45 | ($12) | | Other adjustments | $12 | $11 | | **Adjusted net income** | **$195** | **$203** | Reconciliation of Operating Cash Flow to Free Cash Flow | (In millions) | Q3 2024 | Q3 2023 | | :--- | :--- | :--- | | GAAP cash provided by operating activities | $591 | $331 | | Cash paid for capital expenditures | ($26) | ($28) | | **Free Cash Flow** | **$565** | **$302** | [Other Information](index=3&type=section&id=Other%20Information) This section contains important supplementary information, including definitions of the non-GAAP financial measures used throughout the report and the standard forward-looking statements disclaimer, which outlines potential risks and uncertainties that could affect future results [Non-GAAP Financial Measures Definitions](index=4&type=section&id=Non-GAAP%20Financial%20Measures%20Definitions) This section defines the key non-GAAP metrics used by Gartner to provide a clearer view of its core operational performance. It explains the calculation and rationale for using Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, Free Cash Flow, and Foreign Currency Neutral (FX Neutral) figures, which are intended to exclude items not representative of core operating results - Gartner uses non-GAAP measures to enhance understanding of its current and future financial performance. These measures include: - **Adjusted EBITDA:** Excludes items like interest, taxes, stock-based compensation, and other non-recurring items. - **Adjusted Net Income & Adjusted EPS:** Excludes items like amortization of acquired intangibles and other non-recurring charges. - **Free Cash Flow:** Represents operating cash flow less capital expenditures, indicating cash available for debt repayment, stock repurchases, or investments. - **Foreign Currency Neutral (FX Neutral):** Eliminates the effects of exchange rate fluctuations to show underlying trends[11](index=11&type=chunk)[12](index=12&type=chunk)[15](index=15&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This section is a legal disclaimer that cautions investors that statements in the press release about future performance are subject to various risks and uncertainties. Key risks mentioned include general economic conditions, inflation, competition, ability to retain key personnel, cybersecurity incidents, and geopolitical conditions - The forward-looking statements section outlines potential risks that could cause actual results to differ materially from projections. Key risk factors include: - General economic conditions, including inflation and recession. - Ability to manage growth and integrate acquisitions. - Ability to attract and retain key research, consulting, and sales personnel. - Competitive pressures. - Cybersecurity incidents and geopolitical conditions[9](index=9&type=chunk)

Gartner Inc. (IT) is scheduled to release its third-quarter 2024 results on Nov. 5, before market open.See Zacks Earnings Calendar to stay ahead of market-making news.IT has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in the four trailing quarters, with an average surprise of 17.4%.Gartner’s Q3 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $1.5 billion, suggesting a 4.6% rise from the year-ago quarter’s actual. The company’s revenues are li ...

Core Viewpoint - Gartner is expected to report a year-over-year decline in earnings despite higher revenues for the quarter ended September 2024, with actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to show earnings of $2.45 per share, reflecting a year-over-year decrease of 4.3%, while revenues are projected to be $1.47 billion, an increase of 4.6% from the previous year [3]. - The consensus EPS estimate has been revised 2.17% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Gartner is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +10.44% [10]. - Gartner holds a Zacks Rank of 2, suggesting a strong likelihood of beating the consensus EPS estimate [10]. Historical Performance - Gartner has consistently beaten consensus EPS estimates, achieving this in the last four quarters, including a surprise of +6.27% in the most recent quarter [11][12]. Investment Considerations - While an earnings beat may not solely dictate stock movement, betting on stocks expected to exceed earnings expectations can enhance the odds of success [13][14]. - Investors are advised to consider other factors alongside earnings expectations when making investment decisions regarding Gartner [15].