Gartner (NYSE:IT) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.48b (up 5.4% from 3Q 2023).
- Net income: US$415.0m (up 131% from 3Q 2023).
- Profit margin: 28% (up from 13% in 3Q 2023).
- EPS: US$5.36 (up from US$2.28 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Gartner EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 95%.
Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Gartner you should know about.
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About NYSE:IT
Gartner
Operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally.
Excellent balance sheet with acceptable track record.
