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Technology and consulting giant IBM (NYSE:IBM) will be reporting results tomorrow after the bell. Here’s what to look for.
IBM met analysts’ revenue expectations last quarter, reporting revenues of $17.55 billion, flat year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but a miss of analysts’ operating income estimates.
Is IBM a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting IBM’s revenue to be flat year on year at $14.4 billion, slowing from the 1.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.43 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. IBM has missed Wall Street’s revenue estimates three times over the last two years.
Looking at IBM’s peers in the it services & other tech segment, only Applied Digital has reported results so far. It missed analysts’ revenue estimates by 17.9%, delivering year-on-year sales growth of 22.1%. The stock was down 36% on the results.
Read our full analysis of Applied Digital’s earnings results here.
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