In the latest trading session, IBM (IBM) closed at $135.86, marking a -0.38% move from the previous day. This move lagged the S&P 500’s daily loss of 0.09%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq lost 0.6%.
Heading into today, shares of the technology and consulting company had gained 11.36% over the past month, outpacing the Computer and Technology sector’s loss of 0.46% and the S&P 500’s gain of 4.45% in that time.
IBM will be looking to display strength as it nears its next earnings release. In that report, analysts expect IBM to post earnings of $1.66 per share. This would mark a year-over-year decline of 9.78%. Our most recent consensus estimate is calling for quarterly revenue of $17.44 billion, down 0.73% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.17 per share and revenue of $74.38 billion, which would represent changes of +28.84% and +1.03%, respectively, from the prior year.
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