Earnings Outlook For IBM
Portfolio Pulse from Benzinga Insights
IBM (NYSE:IBM) is set to release its latest quarterly earnings report on Wednesday, 2023-07-19. Analysts estimate an earnings per share (EPS) of $2.01. Last quarter, IBM beat EPS by $0.10, resulting in a 0.03% increase in the share price the next day. Shares of IBM were trading at $134.24 as of July 17, with a 52-week increase of 4.53%.
July 18, 2023 | 2:03 pm
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IBM is expected to release its Q2 2023 earnings report on July 19. The company's stock price could be influenced by the reported earnings and any guidance provided.
IBM's stock price could be influenced by the upcoming earnings report. If the company beats the estimated EPS of $2.01, the stock price could increase, as it did last quarter when the company beat the EPS estimate. However, the stock price could also be influenced by the company's guidance for the next quarter. Therefore, the impact on the stock price is uncertain until the earnings report and guidance are released.
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