Gartner Inc. Third Quarter Earnings Sneak Peek

Gartner, Inc. (NYSE:IT) will unveil its latest earnings on Tuesday, November 1, 2011. 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 profit of 29 cents per share, a rise of 26.1% 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 31 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 29 cents during the last month. Analysts are projecting profit to rise by 27.3% versus last year to $1.40.

Past Earnings Performance: Last quarter, the company reported net income of 34 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 14.4% in revenue from the year-earlier quarter to $338.7 million.

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.

A Look Back: In the second quarter, profit rose 60.2% to $32.2 million (32 cents a share) from $20.1 million (20 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 16.3% to $365.5 million from $314.2 million.

Key Stats:

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 most recent quarter when revenue rose 16.3% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 50.4% in the first quarter and 42.7% in the fourth 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 September 28, 2011 to October 26, 2011, the stock price had risen $3.33 (9.3%) from $35.66 to $38.99. 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 $5.79 (+17.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.