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Two Big Cap Earnings Calls To Watch On Monday: A Preview

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Two Big Cap Earnings Calls To Watch On Monday: A Preview
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  • International Business Machines Corp. (NYSE: IBM) is scheduled to report its third-quarter financial results on Monday, after the market closes.
  • Morgan Stanley (NYSE: MS) is also announcing third-quarter financial results on Monday, before the market opens.
  • IBM is expected to deliver a marked year-over-year decline in earnings; shares were slightly down on Friday trading. Morgan Stanley, on the other hand, is expected to deliver a very small increase in earnings, year-over-year; shares were up almost 0.7 percent on Friday trading.
  • 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.

    Related Link: Why IBM Needs Growth To Turn Around

    Morgan Stanley

    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.

    Image Credit: Public Domain

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