Gartner’s earnings and sales guidance falls short of expectations

  • Gartner issues soft earnings and sales guidance for 2024
  • 2024 revenue target of at least $6.24 billion
  • Adjusted earnings expected to be at least $10.55 a share
  • Research unit expected to generate revenue of at least $5.15 billion
  • Conferences expected to bring in at least $560 million in sales
  • Consulting business expected to post more than $530 million

Gartner, the research company known for its information technology-focused conferences, has issued soft earnings and sales guidance for 2024. The company’s growth pace has slowed coming out of the pandemic, with a target revenue of at least $6.24 billion, falling short of analysts’ expectations of $6.36 billion. Adjusted earnings for the year are expected to be at least $10.55 a share, below the anticipated $11.96 a share. Gartner’s research unit is expected to generate revenue of at least $5.15 billion, while its conferences aim to bring in at least $560 million in sales. The consulting business is also projected to post more than $530 million.

Public Companies: Gartner (Unknown)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides specific information about Gartner’s earnings and sales guidance for 2024, including revenue targets and analyst expectations. The information is presented without any obvious bias or opinion. However, the article is short and lacks in-depth analysis or context, which could affect its overall factuality level.

Noise Level: 7
Justification: The article provides some relevant information about Gartner’s earnings and sales guidance for 2024. However, it lacks in-depth analysis, scientific rigor, and intellectual honesty. It does not explore the consequences of Gartner’s growth pace slowing down or provide any actionable insights or solutions. The article also does not support its claims with evidence, data, or examples. Overall, it contains some noise and filler content.

Financial Relevance: Yes
Financial Markets Impacted: Gartner’s soft earnings and sales guidance may impact investor sentiment towards the company and potentially lead to changes in its stock price.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides financial information about Gartner’s earnings and sales guidance for 2024, which is relevant to financial markets and investors.

Reported publicly: www.marketwatch.com