Earnings Outlook For IBM
Portfolio Pulse from Benzinga Insights
IBM (NYSE:IBM) is expected to release its quarterly earnings report on Wednesday, with an estimated EPS of $3.76. Investors are looking for an earnings beat and positive guidance for the next quarter. IBM's stock has risen 23.15% over the last 52 weeks, trading at $172.83 as of January 22. Past earnings have shown a mix of positive and negative impacts on the stock price post-announcement.
January 23, 2024 | 2:01 pm
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POSITIVE IMPACT
IBM is anticipated to report quarterly earnings with an EPS estimate of $3.76. Positive past performance and stock appreciation suggest a bullish sentiment among investors.
Given IBM's history of beating EPS estimates and the subsequent positive stock price reactions, there is a likelihood of a short-term positive impact if the trend continues. The stock's recent performance and investor sentiment appear bullish, which could be further bolstered by a strong earnings report and positive future guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100