Gartner (IT) Rises 35% in a Year: Here's What You Should Know
Gartner, Inc. IT has had an impressive run over the past year. The stock has gained 34.6%, outperforming the 32.5% rally of the industry it belongs to and the 25.2% rise of the Zacks S&P 500 composite.
What’s Driving the Stock
The impressive price performance can be attributed to the company’s better-than-expected earnings and revenue performance in the last four quarters, driven by strong sales across the research, conferences and consulting segments.
Gartner, Inc. Price
Gartner, Inc. price | Gartner, Inc. Quote
Over the years, Gartner research reports have become indispensable tools for various companies across different sectors, strengthening its leading position in the market. Using advanced technologies to collect and analyze troves of data, the company draws on unique data assets and deep domain expertise to provide key insights and decision-support solutions for an informed decision-making process. These insights are typically drawn from a critical fact base, collated from interactions with clients in more than 15,000 distinct organizations worldwide.
Gartner has a large and diverse addressable market and an integrated research and consulting team designed to best serve client needs. This enables it to have a competitive advantage against its rivals. Leveraging the breadth and depth of its intellectual capital, the company creates and distributes proprietary research content as broadly as possible.
Commitment to shareholder returns makes ROL a reliable way for investors to compound wealth over the long term. In 2022, 2021 and 2020, it repurchased 3.8 million, 7.3 million and 1.2 million shares for $1 billion, $1.7 billion, and $176.3 million, respectively. Such moves help instill investors’ confidence in the stock and positively impact earnings per share.
Zacks Rank and Other Stocks to Consider
Gartner currently sports a Zacks Rank #1 (Strong Buy).
Investors interested in the Zacks Business Services sector can also consider the following other top-ranked stocks:
Rollins ROL currently carries a Zacks Rank #2 (Buy). For the fourth quarter of 2023, the Zacks Consensus Estimate for earnings is pegged at 20 cents per share, indicating year-over-year growth of 17.7%. You can see the complete list of today’s Zacks #1 Rank stocks here.
ROL has an impressive earnings surprise history, wherein the bottom line beat the consensus mark in three of the trailing four quarters and met the same once, delivering an average surprise of 7.2%.
FTI Consulting FCN also carries a Zacks Rank #2 at present. The consensus mark for fourth-quarter 2023 earnings is pegged at $1.57 per share, indicating 3.3% year-over-year growth.
FCN has an impressive earnings surprise history, wherein the bottom line beat the consensus mark in three of the trailing four quarters and missed the same once, delivering an average surprise of 8.5%.
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FTI Consulting, Inc. (FCN) : Free Stock Analysis Report
Gartner, Inc. (IT) : Free Stock Analysis Report
Rollins, Inc. (ROL) : Free Stock Analysis Report
