Gartner (IT) Tops Q1 Earnings Estimates
π° Gartner reported Q1 earnings of $3.32 per share, surpassing the consensus estimate of $2.99 and beating last year's result of $2.98.
π This quarterly performance represented an earnings surprise of +11.21%, extending a trend where the company has beaten EPS estimates four times in the last four quarters.
πΌ Revenue for the quarter ended March 2026 was $1.51 billion, missing the consensus estimate by 0.58% while declining slightly from $1.53 billion the previous year.
π Gartner shares have fallen approximately 41.5% so far this year, significantly underperforming the S&P 500's gain of 5.2%.
β οΈ Despite the beat in earnings, the stock holds a Zacks Rank #4 (Sell) rating due to unfavorable estimate revisions leading up to the report.
π Investors face uncertainty about the stock's immediate future, as the next move will largely depend on management's commentary during the upcoming earnings call.
π The consensus EPS estimate for the coming quarter stands at $3.73, while the current fiscal year target is projected at $13.30 per share.
ποΈ Revenue expectations for the near future are set at $1.67 billion for the next quarter and $6.52 billion for the full fiscal year.
π The Consulting Services industry, in which Gartner operates, currently ranks in the bottom 30% among Zacks-ranked industries, potentially limiting upside potential.
π Peer company Booz Allen Hamilton is set to report results on May 22 for the quarter ended March 2026, following Gartner's release.
πΈ Analysts expect Booz Allen Hamilton to post earnings of $1.32 per share with a decline of 18% compared to the same quarter last year.
π Booz Allen Hamilton revenue is anticipated to fall by 3.1% to $2.88 billion in the upcoming quarterly report.
- Gartner reported quarterly earnings of $3.32 per share, beating the Zacks Consensus Estimate of $2.99 per share by an earnings surprise of +11.21%.
- The company posted revenues of $1.51 billion for the quarter ended March 2026 and has topped consensus revenue estimates three times over the last four quarters.
- Over the last four quarters, Gartner has surpassed consensus EPS estimates four times in a row, demonstrating consistent profitability performance.
- Gartner's current quarterly earnings beat also represents a significant improvement against the prior quarter when it delivered a +12.57% surprise with $3.94 per share versus an expected $3.5.
- Gartner shares have lost about 41.5% since the beginning of the year, significantly underperforming the S&P 500's gain of 5.2%.
- The stock holds a Zacks Rank #4 (Sell) rating due to an unfavorable trend in earnings estimate revisions ahead of the report.
- Gartner posted revenues of $1.51 billion, which missed the Zacks Consensus Estimate by 0.58% for the quarter ended March 2026.
- The Consulting Services industry is currently ranked in the bottom 30% of over 250 Zacks industries, indicating a weak sector environment that could hinder stock performance.
- Gartner's current consensus EPS estimate of $13.30 for the fiscal year relies on a revenue projection of $6.52 billion.