NYSE$IT

Gartner Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Gartner's Q1 2021 financial results were reported, highlighting strong growth in contract value, revenue, EBITDA, and free cash flow.

Gartner reported a strong first quarter in 2021, with revenue increasing by 8.4% to $1.1 billion and net income reaching $164 million. The company saw significant growth in contract value, revenue, EBITDA, and free cash flow, leading to an updated and positive financial outlook for the year. Gartner also demonstrated its commitment to returning value to shareholders by repurchasing a substantial amount of stock.

  • Revenues increased by 8.4% to $1.1 billion, or 5.7% on an FX neutral basis.
  • Net income reached $164 million, with adjusted EBITDA at $320 million, a 50.0% increase as reported (44.2% FX neutral).
  • Diluted EPS rose to $1.84, a 121.7% increase, while adjusted EPS was $2.00, up by 66.7%.
  • Free cash flow saw a significant increase of 363.8% to $145 million.

Headline financials

Total Revenue

$1.1B

Previous: $1.02B+8.4%
EPS (adj)

$2.00

Previous: $1.20+66.7%
GTS Contract Value

$3B

No prior period
GBS Contract Value

$700M

No prior period
Capital Expenditures

-$12.5M

Previous: -$24.5M+49.0%
Free Cash Flow

$152M

Previous: $50.6M+199.8%
Net Income

$164M

Previous: $75.1M+118.5%
Operating Income

$225M

Previous: $125M+80.7%
Gross Profit

$770M

Previous: $678M+13.6%
Cash & Equivalents

$446M

Previous: $228M+95.7%
Total Assets

$6.94B

Previous: $6.8B+2.0%
Stock-Based Comp

$36.1M

Previous: $25.1M+43.6%

Revenue & EPS history

Gartner · Revenue · Quarterly

$1.1B

Q1 2021+8.4%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Gartner · $124M total across 2 segments · Q1 2021

  • Consulting
    $99.5M+4.0%
  • Conferences
    $24.8M+78.4%

Forward guidance

Gartner updated its financial outlook for the full year 2021, based on the strong first quarter results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.0%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.6%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+17.0%

Q1 2021

Best reaction

-20.9%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.6%+7.4%+11.0%
Q4 2025-20.9%-22.8%-15.5%
Q3 2025-7.6%-6.2%-5.6%
Q1 2025+1.3%+1.3%-1.3%
Q4 2024-0.1%-3.4%-11.8%
Q3 2024+6.3%+8.4%+2.3%
Q2 2024+6.4%+1.8%+3.2%
Q1 2024-5.9%-4.5%-7.6%
Q4 2023-4.2%-1.3%+0.0%
Q3 2023+16.3%+18.8%+30.7%
Q2 2023-3.6%-4.7%-1.1%
Q1 2023-0.6%-1.3%+10.6%
Q4 2022+1.6%+2.0%-2.5%
Q3 2022+5.5%+5.8%+18.0%
Q2 2022+7.1%+9.8%+8.3%
Q1 2022-3.4%-12.8%-7.4%
Q4 2021+2.7%-2.1%-4.7%
Q3 2021-0.8%+0.9%-3.0%
Q2 2021+9.4%+10.5%+17.7%
Q1 2021+17.0%+18.5%+18.0%
Q4 2020+7.5%+8.8%+10.8%
Q3 2020+13.8%+18.4%+22.1%
Q2 2020+3.0%+4.7%+4.7%
Q1 2020+6.6%+0.9%+17.4%
Q4 2019-5.8%-6.9%-23.4%
Q3 2019+6.4%+7.5%+9.4%
Q2 2019-18.4%-20.9%-22.7%
Q1 2019-4.8%-4.7%-4.5%
Q4 2018-0.2%-3.1%-1.1%
Q3 2018-3.7%-3.6%+3.8%
Q2 2018-0.5%+3.4%+10.6%
Q1 2018+7.9%+9.1%+11.0%
Q4 2017-6.9%-9.9%-6.0%
Q3 2017-5.5%-6.2%-4.5%
Q2 2017-4.9%-7.4%-2.9%
Q1 2017-0.2%+0.2%+6.5%
Q4 2016+0.8%-0.1%+4.7%
Q3 2016+8.3%+13.5%+16.1%
Q2 2016-4.5%-5.2%-8.0%
Q1 2016+11.2%
Q4 2015-4.1%
Q3 2015-4.4%
Q2 2015+1.8%
Q1 2015+1.8%
Q4 2014-7.8%
Q3 2014+3.9%
Q2 2014+2.4%
Q1 2014+8.6%
Q4 2013-1.9%
Q3 2013+3.0%
Q2 2013-8.2%
Q1 2013-0.5%
Q4 2012-5.7%
Q3 2012-4.9%
Q4 2011+7.7%
Q2 2012+7.7%
Q1 2012-2.6%
Q3 2011+4.5%
Q2 2011+2.4%
Q1 2010-6.8%
Q1 2011+2.3%
Q4 2008-3.3%
Q4 2010-3.3%
Q3 2010-1.7%
Q3 2009-1.7%
Q2 2010+11.7%
Q4 2009+11.7%
Q2 2009+11.7%

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