Gartner (IT) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Oct 25, 2019 06:57AM ET
Gartner, Inc. (NYSE:IT) ) is scheduled to report third-quarter 2019 results on Oct 31, before market open.
While the company’s top line is likely to have benefited from solid segmental performance, the bottom line is expected to have been weighed by rising expenses.
So far this year, shares of Gartner have gained 13% compared with 25.2% rise of the industry it belongs to and 18.7% increase of the Zacks S&P 500 composite.
Let's check out how things are shaping up for the announcement.
Segmental Growth to Drive Top Line
Strength across all the segments — Research, Conferences, and Consulting — is likely to have driven Gartner’s third-quarter 2019 revenues, the Zacks Consensus Estimate for which stands at $987.83 million, indicating year-over-year growth of 7.2%. In second-quarter 2019, revenues of $1.07 billion improved 7% year over year.
Going by segments, the consensus estimate for Research revenues is pegged at $842 million, indicating growth of 8.8% from the prior-year quarter reported figure. The segment is likely to have performed well on the back of additional sales headcount, productivity improvements and the combined effect of improved retention and new business.
The consensus mark for Conferences revenues is pegged at $65 million, indicating 14% increase from the year-ago quarter reported figure. Multiple investments made in support of the conference business is expected to have aided the segment.
The consensus estimate for Consulting revenues is pegged at $86 million, indicating year-over-year growth of 8.9%. Solid performance of labor-based and contract optimization business might have boosted the segment.
Gartner, Inc. Revenue (TTM)
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Gartner has an Earnings ESP of 0.00% and a Zacks Rank #1.
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