Quite a few Wall Street analysts have expected that the stocks of IBM to post a sales sum of $18.24 billion for this current quarter. According to a report, four of the investment analysts have already provided estimates into the earnings of the company- with the ball rolling at $18.22 billion, and the highest coming in at $18.26 billion. The sales reported by the company the previous year were $18.12 billion, which indicates an annual increase of 0.7%. The company will be putting up the quarterly results on the 19th of July.
The Quarterly Reports Of IBM
IBM previously reported their quarterly data on the 18th of April. The EPS reported by the technology company was $1.77, with the consensus estimate set at $1.63. The revenue generated by the company during this period was $17.73 billion, which was more than the consensus estimate of $17.35 billion. The return on equity for the company was 36.67%, with a 7.28% net margin.
There have been quite a few research equities that have commented on the stocks of IBM. BMO Capital Markets has already increased the price target of the company from $138 to $150 with a rating of market perform in a 20th April research report. Morgan Stanley has also increased the price target of the company from $150 to $152 with a rating of equal weight in a 20th April research report.
Credit Suisse Group has also increased the price target of the company from $160 to $165 with a rating of outperform in a 20th April research report. In the end, Stifel Nicolaus decided to increase the price target of the company from $147 to $151 with a rating of buy in a 20th April research report.
One of the investment analysts has provided the company with a rating of sell, while six others have issued the company a rating of hold. Four of the other analysts have given the company a rating of buy. Currently, IBM has a hold rating with a $146 price target.