Gartner (NYSE:IT) Releases FY 2026 Earnings Guidance

Gartner (NYSE:ITGet Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 13.250- for the period, compared to the consensus estimate of 13.190. The company issued revenue guidance of $6.4B-, compared to the consensus revenue estimate of $6.5 billion.

Gartner Stock Performance

NYSE IT traded up $7.17 during trading hours on Thursday, reaching $158.22. The stock had a trading volume of 2,434,161 shares, compared to its average volume of 1,478,440. The stock has a fifty day moving average of $156.24 and a 200 day moving average of $199.73. The stock has a market cap of $11.15 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. Gartner has a 52-week low of $139.18 and a 52-week high of $451.73. The company has a debt-to-equity ratio of 46.98, a quick ratio of 1.00 and a current ratio of 0.94.

Gartner (NYSE:ITGet Free Report) last issued its earnings results on Tuesday, May 5th. The information technology services provider reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.33. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.51 billion. Gartner had a return on equity of 161.39% and a net margin of 11.44%.Gartner’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.98 earnings per share. Gartner has set its FY 2026 guidance at 13.250- EPS. Sell-side analysts predict that Gartner will post 13.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IT. The Goldman Sachs Group set a $162.00 price target on Gartner in a report on Tuesday. Weiss Ratings downgraded Gartner from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Wells Fargo & Company decreased their price target on Gartner from $150.00 to $140.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Truist Financial decreased their price target on Gartner from $300.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Gartner in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Gartner has an average rating of “Hold” and an average price target of $176.70.

Get Our Latest Analysis on Gartner

Key Headlines Impacting Gartner

Here are the key news stories impacting Gartner this week:

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in IT. Brighton Jones LLC acquired a new position in shares of Gartner during the 4th quarter worth approximately $309,000. Sivia Capital Partners LLC acquired a new position in shares of Gartner during the 2nd quarter worth approximately $336,000. Cresset Asset Management LLC raised its stake in shares of Gartner by 15.2% during the 2nd quarter. Cresset Asset Management LLC now owns 1,446 shares of the information technology services provider’s stock worth $585,000 after buying an additional 191 shares during the period. Sei Investments Co. raised its stake in shares of Gartner by 9.2% during the 2nd quarter. Sei Investments Co. now owns 91,205 shares of the information technology services provider’s stock worth $36,867,000 after buying an additional 7,678 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Gartner by 111.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 95,301 shares of the information technology services provider’s stock worth $38,523,000 after buying an additional 50,251 shares during the period. 91.51% of the stock is owned by institutional investors and hedge funds.

Gartner Company Profile

(Get Free Report)

Gartner, Inc is a global research and advisory firm that provides insights, advice and tools for leaders in IT, finance, HR, customer service and other business functions. Founded in 1979 and headquartered in Stamford, Connecticut, Gartner specializes in helping organizations make informed decisions about technology, operations and strategy through a combination of published research, advisory services, consulting, executive programs and events.

The company’s offerings include proprietary research reports, market forecasts, and analytical frameworks that are widely used by technology buyers and vendors.

Featured Articles

Receive News & Ratings for Gartner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gartner and related companies with MarketBeat.com's FREE daily email newsletter.