![]() ![]() This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 14.27. IBM is holding a Zacks Rank of #3 (Hold) right now.ĭigging into valuation, IBM currently has a Forward P/E ratio of 14.27. The Zacks Consensus EPS estimate has moved 0.11% higher within the past month. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Recent revisions tend to reflect the latest near-term business trends. These results would represent year-over-year changes of +2.08% and +2.26%, respectively.Īny recent changes to analyst estimates for IBM should also be noted by investors. IBM's full-year Zacks Consensus Estimates are calling for earnings of $9.32 per share and revenue of $61.9 billion. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.51 billion, down 0.13% from the year-ago period. The company is expected to report EPS of $1.98, down 14.29% from the prior-year quarter. View a financial market summary for IBM including stock price quote, trading volume, volatility, options volume, statistics, and other important company. IBM will be looking to display strength as it nears its next earnings release, which is expected to be July 19, 2023. In that same time, the Computer and Technology sector gained 1.84%, while the S&P 500 gained 2.65%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 9.29%.Ĭoming into today, shares of the technology and consulting company had lost 2.58% in the past month. INTC, +1.03, which saw shares fall 9.3 on the week. ![]() This move outpaced the S&P 500's daily gain of 0.67%. IBM’s stock had a rough week, finishing down 5.9, along with fellow Dow component Intel Corp. Red Hat is reported within the Software segment, in Hybrid Platform & Solutions.IBM (IBM) closed at $134.44 in the latest trading session, marking a +1.16% move from the prior day. IBM purchased all of Red Hat, Inc.'s outstanding stock. The company operates in five segments: software, consulting, infrastructure, financing, and others. Its hybrid cloud platform and AI technology and services capabilities support clients? digital transformations and help the company engage with its customers and employees in new ways. is an information technology company, which engages in the provision of integrated solutions that leverage information technology and knowledge of business. IBM provides integrated solutions and products that leverage data, information technology, deep expertise in industries and business processes, trust and security, and a broad ecosystem of partners and alliances. IBM is addressing the hybrid cloud and AI opportunity with a platform-centric approach focused on providing two primary sources of client value: technology and business expertise. ![]() IBM has been divided into two parts: IBM and Kyndryl. the 1987 stock-market crash and the mounting balance-of- trade deficit caused, in part, by a decade of deindustrialization. IBM is an information technology (IT) company. ![]()
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