IBM Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
IBM is set to release its fiscal Q3 2024 financial results on July 24, with analysts expecting slight increases in earnings and revenue. The company recently secured a $26 million contract with USAID. Analysts have mixed ratings on IBM, with several lowering their price targets.
July 24, 2024 | 3:19 pm
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IBM will release its Q3 2024 financial results on July 24, with analysts expecting slight increases in earnings and revenue. The company secured a $26 million contract with USAID. Analysts have mixed ratings, with several lowering their price targets.
The upcoming earnings report and recent contract with USAID are significant events for IBM. However, the mixed analyst ratings and lowered price targets suggest uncertainty about the company's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100