A Glimpse of IBM's Earnings Potential
Portfolio Pulse from Benzinga Insights
IBM is set to release its quarterly earnings report on October 23, 2024, with analysts estimating an EPS of $2.22. Investors are keen on not just an earnings beat but also positive future guidance. Historically, IBM's stock price has reacted positively to earnings beats. The stock is currently trading at $231.75, up 69.37% over the past year. Analysts have a 'Buy' consensus with a price target of $222.42, indicating a potential downside. IBM's financial metrics show strong profitability but high debt levels.
October 22, 2024 | 2:02 pm
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IBM is expected to report an EPS of $2.22 on October 23, 2024. Investors are looking for an earnings beat and positive guidance. Historically, IBM's stock has reacted positively to earnings beats. The stock is up 69.37% over the past year, but analysts see a potential downside with a price target of $222.42.
IBM's upcoming earnings report is highly anticipated, with analysts expecting an EPS of $2.22. The stock has historically reacted positively to earnings beats, as seen in the last quarter's 4.33% price increase following an EPS beat. The stock's significant rise over the past year suggests bullish sentiment, but the analyst price target indicates potential downside, which could affect short-term price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100