Let's Do the Numbers:
Analysts are looking ahead to a positive EPS reading of $3.01 per share and revenues of $25.35 billion. We'll know on Monday whether IBM has managed the estimated 116% increase in EPS and 107% rise in revenues on a year-over-year basis.Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | $2.29 | $4.08 | $2.75 | $2.58 |
EPS Actual | $2.31 | $4.18 | $2.82 | $2.61 |
Stock Performance:
At last check, shares of IBM were trading at $174.05. Shares are up 19.6% year to date. For a full 12 months, the return has risen by 26.7%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for IBM is a Moderate Buy. The strength of this rating has crept upwards over the past three months.Competitors:
Wondering how IBM compares to rivals in the same sector? Here are a few of the company's peers.- Apple AAPL: Moderate Buy with a $6.40 recent quarter EPS
- Cisco Systems CSCO: Hold with a $0.37 recent quarter EPS
- Dell DELL: Hold with a $0.55 recent quarter EPS
- EMC EMC: Moderate Buy with a $0.24 recent quarter EPS
IBM is is in the computer systems industry, which has experienced price/earnings growth of 1.4%.
Finally, a description of the main business areas of the company, in case you need a little refresher: IBM creates integrated solutions that leverage information technology and a deep knowledge of business processes for clients.
Take Action:
Now that you have reviewed all the numbers, be ready to move if the upcoming IBM earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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