Gartner, Inc. First Quarter Earnings Sneak Peek

Gartner, Inc. (NYSE:IT) will unveil its latest earnings on Thursday, May 3, 2012. Gartner is an information technology research and advisory company, which offers independent and objective research and analysis on the information technology, computer hardware, software, communications and related technology industries.

Gartner, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 35 cents per share, a rise of 20.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 38 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 35 cents during the last month. Analysts are projecting profit to rise by 21.1% compared to last year’s $1.72.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported profit of 46 cents per share versus a mean estimate of net income of 47 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 10.6% in revenue from the year-earlier quarter to $364.4 million.

Analyst Ratings: Analysts are high on the stock, with six analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 22.7% to $45 million (47 cents a share) from $36.7 million (36 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 11.9% to $427.7 million from $382.3 million.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 14.1% over the last four quarters.

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 60.2% in the second quarter of the last fiscal year and 51.8% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

Competitors to Watch: Forrester Research, Inc., Microsoft Corporation, Google Inc., Intl. Business Machines Corp., Nielsen Hldg NV, Navigant Consulting, Inc., Information Services Group, Inc., Harris Interactive Inc., and Apple Inc.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price rose $4.58 (11.8%), from $38.88 to $43.46. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 8.9% (+$3.40) over that span. It saw one of its worst periods between July 19, 2011 and July 27, 2011 when shares fell for seven straight days, dropping 6.8% (-$2.65) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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