What to Expect:
Over the past month, the consensus estimate has risen from $2.62, but it’s below the estimate of $2.66 from three months ago. Analysts are expecting earnings of $14.86 per share for the fiscal year.
Revenue is projected to be $24.77 billion for the quarter, 0.7% above the year-earlier total of $24.61 billion. For the year, revenue is projected to roll in at $108.51 billion.
Trends to Watch For:
The company’s profit has been growing for the past three quarters. The 4.4% year-over-year growth in net income in the most recent quarter came after the 7% profit growth in the third quarter of the last fiscal year and the 8.2% rise in the second quarter of the last fiscal year.
Analyst Ratings:
The majority of analysts (52.4%) rate IBM as a buy. That percentage is still below the mean analyst rating of its nearest 10 competitors, which average 59.9% buys. Analysts have grown increasingly optimistic about the stock in the last three months.
Competitors:
IBM operates a business model that helps clients deliver business value by becoming more innovative, efficient, and competitive through the use of business insight and IT solutions. One of IBM’s main competitors in the computers and peripherals industry, Apple (AAPL), will report earnings on April 24, 2012. Other competitors in the information technology sector include: Oracle (ORCL), Hewlett-Packard Company (HPQ), and Microsoft (MSFT).
Recent Price Movement:
The stock price has risen from $178.47 on January 13, 2012 to $202.58 over the past quarter.
Earnings estimates provided by Zacks.
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