Gartner(US:IT) ZACKSยท2024-10-29 15:07Core 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].