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 6 Buy predictions and not the single Sell prediction the community is currently very high on Gartner Inc..
With a target price of 460 € there is a slightly positive potential of 17.74% for Gartner Inc. compared to the current price of 390.7 €.
