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

[at Investopedia] – IBM is not going to impress Wall Street with breathtaking growth, but unlike many of its competitors, the company still generates tons of cash flow. Read more on this. International Business Machines Corporation (IBM) , valued at $145.78B, began trading this morning at $151.04. Looking at today’s trading action, the company’s one day range from $150.96 to $152.10 and has traded between $116.90 and $176.30 over the past 12 months. IBM shares are currently priced at 11.16x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.60x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $5.20 per share annually in dividends, yielding 3.48%. Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $2.09 per share, which would be $0.82 worse than the year-ago quarter and a $0.81 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $13.54, which would be a $1.38 setback 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 $18.29 Billion. If realized, that would be a 6.64% decrease over the year-ago quarter. Recently, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. Given all the information above, we should disclose to readers that the average price target is $140.59, which is 6.92% below than it opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – Deal Brings IBM and Salesforce.com Closer Together Stock Update (NYSE:IBM): What to Expect From IBM Earnings Stock Update: International Business Machines Corporation (NYSE:IBM) – What to Expect When IBM Reports Earnings Monday