IBM IBM announces its next round of earnings Wednesday. Here's Benzinga's advanced look at IBM's Q2 earnings report.
Earnings and Revenue
IBM EPS is expected to be around $3.04, according to sell-side analysts. Sales will likely be near $19.88 billion.
IBM reported a per-share profit of $2.97 when it published results during the same quarter last year. Sales in that period totaled $19.2 billion. Sales would be up 3.06 percent from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 |
| EPS Estimate | 2.4 | 5.17 | 3.28 | 2.77 |
| EPS Actual | 2.45 | 5.18 | 3.3 | 2.97 |
Stock Performance
Over the last 52-week period, shares of IBM have declined 6.97 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts generally rate IBM stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
IBM's Q2 conference call is scheduled to begin at 8:00 a.m. ET and can be accessed here: https://www.ibm.com/bd-en/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
