NYSE$IT

Gartner Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Gartner's Q3 2022 earnings showcased strong financial performance with double-digit growth in contract value, revenue, and adjusted EPS, alongside raised full-year guidance.

Gartner reported a strong third quarter in 2022, with revenue of $1.3 billion, a 15.2% increase as reported and 20.4% FX neutral. Net income was $174 million, and diluted EPS was $2.17, a 23.3% increase. The company also raised its full-year guidance.

  • Revenue increased by 15.2% to $1.3 billion, or 20.4% on an FX neutral basis.
  • Net income reached $174 million, with a diluted EPS of $2.17, marking a 23.3% increase.
  • Adjusted EBITDA grew by 8.5% to $332 million, or 14.9% on an FX neutral basis.
  • Global Technology Sales Contract Value increased by 12.7% YOY FX Neutral to $3.5 billion.

Headline financials

Total Revenue

$1.33B

Previous: $1.16B+15.2%
EPS (adj)

$2.41

Previous: $2.03+18.7%
GTS Contract Value

$3.5B

Previous: $3.2B+9.4%
GBS Contract Value

$1B

Previous: $800M+25.0%
Capital Expenditures

-$70.5M

Previous: -$38.7M-82.2%
Free Cash Flow

$103M

Previous: $110M-6.5%
Net Income

$174M

Previous: $149M+16.6%
Operating Income

$253M

Previous: $230M+10.1%
Gross Profit

$915M

Previous: $797M+14.8%
Cash & Equivalents

$529M

Previous: $766M-30.9%
Total Assets

$6.53B

Previous: $6.99B-6.7%
Stock-Based Comp

$21M

Previous: $19.4M+7.9%

Revenue & EPS history

Gartner · Revenue · Quarterly

$1.33B

Q3 2022+15.2%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Gartner · $184M total across 2 segments · Q3 2022

  • Consulting
    $107M+12.6%
  • Conferences
    $77M+220.8%

Forward guidance

Gartner raised its guidance and remains well-positioned to deliver long-term, sustained, double-digit growth.

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 Q3 2022

Historical avgQ3 2022

+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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