NYSE$IT

Gartner Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Gartner's Q4 2022 financial results were reported, showing significant growth in revenue, contract value, and earnings per share.

Gartner reported a strong fourth quarter in 2022, with a 15% increase in revenue to $1.5 billion and a 28% increase in diluted EPS to $3.21. The company's contract value also saw a 12% increase year-over-year. Gartner's CEO expressed confidence in the company's positioning for long-term, sustained, double-digit growth entering 2023.

  • Revenue increased by 15% to $1.5 billion, or 20% on an FX neutral basis.
  • Net income reached $257 million, with an adjusted EBITDA of $421 million, up 37%.
  • Diluted EPS grew by 28% to $3.21, while adjusted EPS increased by 24% to $3.70.
  • Global Technology Sales Contract Value (GTS CV) was $3.6 billion, up 10% YoY FX Neutral.

Headline financials

Total Revenue

$1.51B

Previous: $1.31B+15.2%
EPS (adj)

$3.70

Previous: $2.99+23.7%
GTS Contract Value

$3.6B

Previous: $3.4B+5.9%
GBS Contract Value

$1B

Previous: $900M+11.1%
Free Cash Flow

$166M

Previous: $214M-22.4%
Net Income

$257M

Previous: $209M+23.0%
Operating Income

$332M

Previous: $185M+79.1%
Gross Profit

$1.03B

Previous: $907M+13.5%
Cash & Equivalents

$698M

Previous: $756M-7.7%
Total Assets

$7.3B

Previous: $7.42B-1.6%
Stock-Based Comp

$13M

Previous: $16.9M-22.8%

Revenue & EPS history

Gartner · Revenue · Quarterly

$1.51B

Q4 2022+15.2%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Gartner · $326M total across 2 segments · Q4 2022

  • Conferences
    $188M+75.7%
  • Consulting
    $138M+16.9%

Forward guidance

Gartner introduced guidance which they can deliver, with the opportunity for upside.

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 Q4 2022

Historical avgQ4 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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