$18.67 Billion in Sales Expected for International Business Machines Corporation (IBM) This Quarter

Wall Street brokerages expect that International Business Machines Corporation (NYSE:IBM) will post $18.67 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for International Business Machines Corporation’s earnings. The highest sales estimate is $19.22 billion and the lowest is $18.55 billion. International Business Machines Corporation posted sales of $19.23 billion during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The firm is expected to issue its next earnings results after the market closes on Tuesday, October 17th.

According to Zacks, analysts expect that International Business Machines Corporation will report full year sales of $18.67 billion for the current year, with estimates ranging from $77.46 billion to $78.78 billion. For the next fiscal year, analysts forecast that the business will post sales of $77.85 billion per share, with estimates ranging from $76.21 billion to $78.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 EPS.

A number of analysts have issued reports on IBM shares. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 target price for the company in a research report on Monday, July 10th. Drexel Hamilton reissued a “buy” rating and issued a $200.00 target price on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Finally, Argus reissued a “buy” rating and issued a $175.00 target price (down from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $157.12.

WARNING: “$18.67 Billion in Sales Expected for International Business Machines Corporation (IBM) This Quarter” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/17/18-67-billion-in-sales-expected-for-international-business-machines-corporation-ibm-this-quarter.html.

A number of hedge funds have recently modified their holdings of IBM. CKW Financial Group increased its holdings in shares of International Business Machines Corporation by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares during the period. K.J. Harrison & Partners Inc increased its holdings in shares of International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after buying an additional 7 shares during the period. Arthur M. Cohen & Associates LLC increased its holdings in shares of International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after buying an additional 7 shares during the period. Milestone Group Inc. increased its holdings in shares of International Business Machines Corporation by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after buying an additional 8 shares during the period. Finally, Gilbert & Cook Inc. increased its holdings in shares of International Business Machines Corporation by 0.6% in the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after buying an additional 12 shares during the period. 57.84% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (IBM) opened at 146.83 on Tuesday. The company has a market capitalization of $136.84 billion, a P/E ratio of 12.19 and a beta of 0.95. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a 50-day moving average price of $145.27 and a 200 day moving average price of $151.70.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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According to Zacks, analysts expect that International Business Machines Corporation will report full year sales of $18.67 billion for the current year, with estimates ranging from $77.46 billion to $78.78 billion. For the next fiscal year, analysts forecast that the business will post sales of $77.85 billion per share, with estimates ranging from $76.21 billion to $78.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow International Business Machines Corporation.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to the consensus estimate of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 EPS.

A number of analysts have issued reports on IBM shares. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 target price for the company in a research report on Monday, July 10th. Drexel Hamilton reissued a “buy” rating and issued a $200.00 target price on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 target price on shares of International Business Machines Corporation in a research report on Friday, July 21st. Finally, Argus reissued a “buy” rating and issued a $175.00 target price (down from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $157.12.

WARNING: “$18.67 Billion in Sales Expected for International Business Machines Corporation (IBM) This Quarter” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/17/18-67-billion-in-sales-expected-for-international-business-machines-corporation-ibm-this-quarter.html.

A number of hedge funds have recently modified their holdings of IBM. CKW Financial Group increased its holdings in shares of International Business Machines Corporation by 0.3% in the second quarter. CKW Financial Group now owns 941 shares of the technology company’s stock worth $146,000 after buying an additional 3 shares during the period. K.J. Harrison & Partners Inc increased its holdings in shares of International Business Machines Corporation by 0.4% in the first quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock worth $340,000 after buying an additional 7 shares during the period. Arthur M. Cohen & Associates LLC increased its holdings in shares of International Business Machines Corporation by 0.5% in the first quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock worth $237,000 after buying an additional 7 shares during the period. Milestone Group Inc. increased its holdings in shares of International Business Machines Corporation by 0.4% in the second quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock worth $345,000 after buying an additional 8 shares during the period. Finally, Gilbert & Cook Inc. increased its holdings in shares of International Business Machines Corporation by 0.6% in the first quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock worth $375,000 after buying an additional 12 shares during the period. 57.84% of the stock is owned by hedge funds and other institutional investors.

Shares of International Business Machines Corporation (IBM) opened at 146.83 on Tuesday. The company has a market capitalization of $136.84 billion, a P/E ratio of 12.19 and a beta of 0.95. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a 50-day moving average price of $145.27 and a 200 day moving average price of $151.70.

About International Business Machines Corporation

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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Earnings History and Estimates for International Business Machines Corporation (NYSE:IBM)

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