Gartner Q1 2024 Adj EPS $2.93 Beats $2.53 Estimate, Sales $1.473B Miss $1.475B Estimate
Portfolio Pulse from Benzinga Newsdesk
Gartner (NYSE:IT) reported Q1 2024 adjusted EPS of $2.93, surpassing the $2.53 estimate, marking a 15.81% beat and a 1.74% increase from last year's $2.88. However, their sales of $1.473B slightly missed the $1.475B estimate by 0.11%, though it's a 4.54% increase from the previous year.
April 30, 2024 | 10:01 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Gartner's Q1 2024 earnings beat estimates with an adjusted EPS of $2.93, a 15.81% beat, and a 1.74% YOY increase. Sales slightly missed estimates but grew 4.54% YOY.
Gartner's earnings beat and year-over-year growth in both EPS and sales, despite a slight miss on the sales estimate, indicate a strong financial performance. This is likely to be viewed positively by investors, potentially leading to a short-term uptick in stock price. The EPS beat is particularly significant, as it directly reflects the company's profitability and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100