Stock Update (NYSE:IBM): What to Expect From IBM Earnings

[at 24/7 Wall St.] – IBM is scheduled to report its fourth-quarter financial results after the markets close Tuesday. Read more on this. International Business Machines Corporation (IBM) , valued at $126.08B, opened at $130.27. During today’s session, IBM traded between $129.15 to $132.10 and has traded between $128.87 and $176.30 over the past 12 months. IBM shares are currently priced at 8.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 7.89x forward p/e ratio. The company pays shareholders $5.20 per share annually in dividends, yielding 3.91%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $4.81 per share, which would be $1.00 worse than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $14.93, which would be a $1.60 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.04 Billion. If realized, that would be a 8.59% decrease over the year-ago quarter. In terms of ratings, JMP Securities Initiated IBM at Mkt Outperform (Nov 20, 2015). Previously, Cantor Fitzgerald Initiated IBM at to Hold. Investors should keep in mind is that the average price target is $147.35, which is 13.11% above where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – What to Expect When IBM Reports Earnings Monday Stock Update (NYSE:IBM): Globecast Uses Aspera to Speed Global Content Submissions and Deliveries Company Update: International Business Machines Corporation (NYSE:IBM) – International Business Machines Corp. Earnings: A Mixed Bag for Big Blue