Two Big Cap Earnings Calls To Watch On Monday: A Preview
International Business Machines
According to Estimize, the Street is modeling a 9.5 percent year-over-year decline in earnings for IBM, from $3.68 per share in the third quarter of 2014, to $3.33 in the current quarter.
Revenue is also expected to fall, from $22.397 billion a year ago, to $19.556 this quarter.
Sequentially, the tumble in earnings is expected to be even larger, as the company reported EPS of $3.84 last quarter.
The crowd, slightly less bearish, anticipates consensus earnings of $3.38 per share on revenue of $19.645 billion.
On the other hand, experts are projecting Morgan Stanley will deliver consensus earnings of $0.66 per share (up one cent year-over-year, but down 13 cents, quarter-over-quarter) on revenue of $8.643 billion – down from $8.907 billion registered a year ago.
The crowd is considerably more bullish, and envisions earnings of $0.70 per share on revenue of $8.962.
Finally, it should be noted from the chart above that the company has tended to beat estimates over the past couple of years.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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