IT Earnings Prediction
The chart below shows how IT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IT sees a -0.53% change in stock price 10 days leading up to the earnings, and a +0.96% change 10 days following the report. On the earnings day itself, the stock moves by +2.11%. This data can give you a slight idea of what to expect for the next quarter's release.
IT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.48B
5.36%
-6.94%
Gross Margin
64.52%
-0.05%
-0.20%
Operating Margin
16.73%
-5.43%
-16.39%
Net Margin
27.96%
118.78%
94.30%
EPS
5.32
135.40%
81.57%
No Data Available
IT Earnings Analysis
Gartner, Inc. Corporation (IT.N) Earnings Conference Call
Positive
Contract Value Growth: Contract value grew 7% year-over-year, showcasing strong performance in a complex environment.
Strong Financial Performance: Third quarter revenue, EBITDA, and EPS all came in ahead of expectations, indicating robust financial health.
Positive Guidance Revision: We raised our 2024 guidance for revenue, EBITDA, EPS, and free cash flow, reflecting confidence in future performance.
Third Quarter Revenue Growth: Research revenue in the third quarter grew 5% year-over-year, demonstrating solid demand for our services.
Stock Repurchase Strategy: We repurchased more than $630 million of stock through September and remain eager to repurchase shares opportunistically.
Negative
Third Quarter Revenue Increase: Third quarter revenue was $1.5 billion, up 5% year-over-year as reported and 6% FX neutral.
Adjusted EPS Comparison: Adjusted EPS was $2.50 compared with $2.56 in Q3 of last year.
Consulting Revenue Comparison: Third quarter consulting revenue was $128 million compared with $133 million in the year ago period.
Cost of Services Increase: Consolidated cost of services increased 5% year-over-year in the third quarter as reported and FX neutral.
Quarterly Depreciation Increase: Depreciation in the quarter of $29 million was up 18% compared to 2023.
IT FAQs
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IT Earning Call Sentiment
Gartner, Inc. (IT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IT.N
1.61%Positive
The earnings call summary indicates strong financial performance with revenue growth and a robust pipeline, despite some challenges in consulting revenue. The Q&A section reveals positive sentiment from analysts, especially regarding future growth and a strong value proposition. The share repurchase program and positive free cash flow also contribute to a positive outlook. Although there are some concerns, the overall sentiment is positive, likely leading to a stock price increase of 2% to 8% over the next two weeks.