Gartner, Inc. (IT) Misses Q4 EPS by 15c, Miss on Revenues; Offers FY18 EPS Mid-Point Guidance Below Consensus, FY18 Revenue Outlook Below Consensus

Gartner, Inc. (NYSE: IT) reported Q4 EPS of $1.17, $0.15 worse than the analyst estimate of $1.32. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.03 billion.

• For fourth quarter 2017 total revenue was $1.0 billion, an increase of 44% over fourth quarter 2016 as reported and 42% on a foreign exchange neutral basis.
• Heritage Gartner revenue increased 15% on a reported basis and 13% on a foreign exchange neutral basis.
• Adjusted revenue was $1.1 billion in fourth quarter 2017. Net income was $107.3 million in fourth quarter 2017, while adjusted EBITDA was $220.9 million, a 52% increase over fourth quarter 2016.
• GAAP diluted income per share was $1.16 in fourth quarter 2017, which includes a favorable impact from the Tax Act of approximately $0.65 per share, compared to $0.79 per share in fourth quarter 2016.
• Adjusted EPS was $1.17 per share in fourth quarter 2017 compared to $0.97 in fourth quarter 2016.

GUIDANCE:

Gartner, Inc. sees FY2018 EPS of $3.71-$4.11, versus the consensus of $4.09. Gartner, Inc. sees FY2018 revenue of $4.1-4.21 billion, versus the consensus of $4.04 billion.

For earnings history and earnings-related data on Gartner, Inc. (IT) click here.

You May Also Be Interested In

• Gartner (IT) PT Lowered to $164 at UBS on Q2 Outlook
• Vera Bradley (VRA) Misses Q1 EPS by 26c ; Offers Guidance
• Adobe Systems (ADBE) Tops Q2 EPS by 14c, Offers Guidance