Gartner Earnings Surpass Estimates in Q3, Revenues Increase Y/Y

Zacks11-06 01:24

Gartner, Inc. IT has reported better-than-expected third-quarter 2024 results. See Zacks Earnings Calendar to stay ahead of market-making news. The company’s adjusted earnings per share of $2.5 beat ...

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IT has reported better-than-expected third-quarter 2024 results.\nSee Zacks Earnings Calendar to stay ahead of market-making news.\nThe company’s adjusted earnings per share of $2.5 beat ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gartner-earnings-surpass-estimates-q3-172400354.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gartner Earnings Surpass Estimates in Q3, Revenues Increase Y/Y</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGartner Earnings Surpass Estimates in Q3, Revenues Increase Y/Y\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 01:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/gartner-earnings-surpass-estimates-q3-172400354.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gartner, Inc. IT has reported better-than-expected third-quarter 2024 results.\nSee Zacks Earnings Calendar to stay ahead of market-making news.\nThe company’s adjusted earnings per share of $2.5 beat ...</p>\n\n<a href=\"https://finance.yahoo.com/news/gartner-earnings-surpass-estimates-q3-172400354.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IT","symbol_name":"加特纳","start_time":0,"source_url":"https://finance.yahoo.com/news/gartner-earnings-surpass-estimates-q3-172400354.html","article_id":"2481378816","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LeNi.KW6GLMoZnWFYphu5Q--~B/aD01MjA7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3b0e1bda228a683a2176b41d58ccb62f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481378816","pubTimestamp":1730827440,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Gartner, Inc. IT has reported better-than-expected third-quarter 2024 results.See Zacks Earnings Calendar to stay ahead of market-making news.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 beat the consensus estimate marginally and improved 5.4% year over year.The IT stock has gained 15.7% over the six months, outperforming the 9.3% rally of the industry it belongs to and 11.3% growth of the Zacks S&P 500 Composite.Conferences’ revenues were $76 million, which increased 32.5% year over year on a reported basis and 30.5% on a foreign-currency-neutral basis. The gross contribution margin was 40.2%, which logged a gross contribution of $30 million.Revenues in the Consulting segment amounted to $128 million, which decreased 3.9% from the year-ago quarter on a reported basis and 3.7% on a foreign-currency-neutral basis. The gross contribution margin was 32.5% in the reported qua","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IT":"加特纳"},"translate_title":"Gartner第三季度盈利超出预期，收入同比增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IT":0.9},"content_text":"Gartner, Inc. IT has reported better-than-expected third-quarter 2024 results.\nSee Zacks Earnings Calendar to stay ahead of market-making news.\nThe 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 beat the consensus estimate marginally and improved 5.4% year over year.\nThe IT stock has gained 15.7% over the six months, outperforming the 9.3% rally of the industry it belongs to and 11.3% growth of the Zacks S&P 500 Composite.\nSix Months Price Performance\nImage Source: Zacks Investment Research\n \nGartner’s Revenues by Segments\nRevenues in the Research segment were $1.3 billion, which grew 5.1% from the year-ago quarter on a reported basis and 5.4% on a foreign-currency-neutral basis. The gross contribution margin was 73.7%, which amounted to a gross contribution of $943 million in the third quarter of 2024.\nConferences’ revenues were $76 million, which increased 32.5% year over year on a reported basis and 30.5% on a foreign-currency-neutral basis. The gross contribution margin was 40.2%, which logged a gross contribution of $30 million.\nRevenues in the Consulting segment amounted to $128 million, which decreased 3.9% from the year-ago quarter on a reported basis and 3.7% on a foreign-currency-neutral basis. The gross contribution margin was 32.5% in the reported quarter, which amounted to a gross contribution of $42 million.\nGartner’s Operating Performance\nAdjusted EBITDA of $340 million increased 2.1% from the year-ago quarter on a reported basis and 2.8% on a foreign-currency-neutral basis.\nBalance Sheet & Cash Flow of IT\nGartner had $1.8 billion in cash and cash equivalents at the end of the quarter compared with $1.2 billion at the end of the preceding quarter. The long-term debt was $2.5 billion, flat with the second quarter of 2024.\nThe operating cash flow totaled $591 million and the free cash flow utilized was $565 million in the reported quarter. Capital expenditure totaled $26 million.\nGartner’s 2024 Outlook\nFor 2024, total revenues are expected to be at least $6.23 billion. The Zacks Consensus Estimate is in line with the company’s guidance.\nIT raised the guidance for adjusted earnings per share to at least $11.75 compared with the $11.05 provided in the preceding quarter. The consensus estimate for earnings is pegged at $11.65 per share, which is lower than the company’s revised guidance. The adjusted EBITDA guidance is raised to at least $1.52 billion from the $1.46 billion given in the previous quarter. The free cash flow guidance is raised to at least $1.35 billion from the $1.08 billion provided in the preceding quarter.\nCurrently, Gartner carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nEarnings Snapshot of IT’s Peers\nRepublic Services, Inc. RSG reported mixed third-quarter 2024 results.\nRSG’s earnings per share (excluding 1 cent from non-recurring items) of $1.8 outpaced the Zacks Consensus Estimate by 11.7% and grew 17.5% from the year-ago quarter. Revenues of $4.1 billion missed the consensus mark by a slight margin but increased 6.5% on a year-over-year basis.\nTransUnion TRU posted impressive third-quarter 2024 results.\nTRU’s quarterly adjusted earnings (adjusting 69 cents from non-recurring items) of $1 per share surpassed the consensus mark by 2% and increased 14.3% on a year-over-year basis. Total revenues of $1.1 billion outpaced the consensus mark by 2.2% and increased 12% from the year-ago quarter.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRepublic Services, Inc. (RSG) : Free Stock Analysis Report\nGartner, Inc. (IT) : Free Stock Analysis Report\nTransUnion (TRU) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481378816"}