Why Gartner Stock Popped Today
Shares of Gartner (NYSE: IT) closed Friday's trading session up 14.6% after the technological research and consulting company announced strong quarterly results before the opening bell.
For the third quarter, Gartner's revenue climbed 5.8% year over year (4.9% on a constant-currency basis) to $1.409 billion, translating to a 6.2% increase in adjusted (non-GAAP) earnings to $2.56 per share. Analysts, on average, were expecting adjusted earnings of $1.96 per share on revenue of $1.39 billion.
CEO Gene Hall called it "another strong quarter," noting that the company achieved high single-digit percentage growth in contract value while beating expectations for free cash flow (up 6.9% to $302 million), and for its top and bottom lines.
Source Fool.com
Gartner Inc. Stock
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Gartner Inc..
With a target price of 520 € there is a slightly positive potential of 16.85% for Gartner Inc. compared to the current price of 445.0 €.
