Gartner, Inc. (IT) Misses Q4 EPS by 5c, Revenues Miss; Offers FY19 EPS Guidance Below Consensus, FY19 Revenue Mid-Point Guidance Below Consensus

Gartner, Inc. (NYSE: IT) reported Q4 EPS of $1.20, $0.05 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.1 billion.

• Revenues: $1.1 billion, +7%; adjusted revenues excluding divested operations: $1.1 billion, +10%, +12% foreign currency neutral.
• Net income: $84 million; adjusted EBITDA excluding divested operations: $211 million, +6%, +6% foreign currency neutral.
• Diluted EPS: $0.92; adjusted EPS: $1.20.
• Operating cash flow: $45 million; free cash flow: $7 million.
• Repurchased 1.1 million common shares for $156 million.

Gene Hall, Gartner’s chief executive officer, commented, “In 2018, we delivered another year of double-digit revenue growth and strong results across our three segments. We continue to achieve sustained, free cash flow growth and have resumed our share repurchase program to return capital to shareholders. As we enter 2019, we’re better positioned than ever to deliver indispensable value to leaders across every function in the enterprise."

GUIDANCE:

Gartner, Inc. sees FY2019 EPS of $3.82-$4.19, versus the consensus of $4.22. Gartner, Inc. sees FY2019 revenue of $4.22-4.32 billion, versus the consensus of $4.32 billion.

• Revenues $4.22 - $4.32 billion.
• Net income $238 - $272 million; adjusted EBITDA $720 - $765 million.
• Diluted EPS $2.65 - $3.03; adjusted EPS $3.82 - $4.19.
• Operating cash flow $542 - $582 million; free cash flow $455 - $485 million.

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

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