IBM Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
IBM is set to release its Q1 earnings on April 24, 2024, with expectations of earnings per share at $1.60, up from $1.36 the previous year, and revenue projected at $14.55 billion, up from $14.25 billion. The company's shares rose 0.2% to close at $182.19 recently. Analysts have revised their forecasts and ratings ahead of the earnings call, with varied opinions from maintaining Hold and Sell ratings to upgrading to Buy and Outperform, and adjusting price targets accordingly.
April 24, 2024 | 2:12 pm
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IBM is anticipated to report increased earnings and revenue for Q1 2024, with a positive outlook from analysts and a recent share price increase.
The anticipation of higher earnings and revenue for IBM, coupled with positive adjustments in analyst ratings and price targets, suggests a favorable short-term impact on IBM's stock price. The recent share price increase further supports this outlook, indicating investor optimism ahead of the earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100