Gartner, Inc. (NASDAQ:IT) will unveil its latest earnings on Tuesday, August 2, 2011. Gartner, Inc 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 31 cents per share, a rise of 29.2% 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 32 cents. Between one and three months ago, the average estimate was unchanged, but has since dropped during the last month. For the year, analysts are projecting profit of $1.41 per share, a rise of 28.2% from last year.
Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 29 cents per share against a mean estimate of profit of 28 cents, and the quarter before, the company exceeded forecasts by one cent with net income of 39 cents versus a mean estimate of profit of 38 cents.
Wall St. Revenue Expectations: On average, analysts predict $356.2 million in revenue this quarter, a rise of 13.4% from the year ago quarter. Analysts are forecasting total revenue of $1.46 billion for the year, a rise of 13.2% from last year’s revenue of $1.29 billion.
Analyst Ratings: Analysts are bullish on this stock with five analysts rating it as a buy, none rating it as a sell and one rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 13.7%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 16.4% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 50.4% while it rose 42.7% in the fourth quarter of the last fiscal year and 0% in the third quarter of the last fiscal year.
Competitors to Watch: Forrester Research, Inc. (NASDAQ:FORR), Microsoft Corporation (NASDAQ:MSFT), Google Inc. (NASDAQ:GOOG), Intl. Business Machines Corp. (NYSE:IBM), Nielsen Hldg NV (NYSE:NLSN), Navigant Consulting, Inc. (NYSE:NCI), Information Services Group, Inc. (NASDAQ:III), Harris Interactive Inc. (NASDAQ:HPOL), and Apple Inc. (NASDAQ:AAPL).
Stock Price Performance: During May 2, 2011 to July 27, 2011, the stock price had fallen $5.82 (-13.8%) from $42.30 to $36.48. The stock price saw one of its best stretches over the last year between March 17, 2011 and April 1, 2011 when shares rose for 12-straight days, rising 10% (+$3.84) 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, falling 6.8% (-$2.65) over that span. Shares are up $3.28 (+9.9%) year to date.
(Source: Xignite Financials)