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Gartner (IT) in Focus: Stock Tumbles 7.4% - Tale of the Tape

Gartner Inc. ( IT ) saw a big move last session, as the company's shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for IT, as the stock is down over 8% since Jan 29.

Shares fell after the company announced its fourth-quarter 2014 results. Earnings per share fell short of expectations, as it missed the Zacks Consensus Estimate of 80 cents by a good 8 cents. Revenues however grew 12% year over year.

This research and analysis company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

IT currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the Consulting industry is Stantec Inc. ( STN ) which holds a Zacks Rank #1 (Strong Buy).

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GARTNER INC -A (IT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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