What To Know Before This Tech Giant Reports After The Close Today
International Business Machines Corp. releases their earnings today after the market closes. Estimize consensus projects an EPS of $3.06, a 3% YoY growth, and three cents higher than Wall Street’s prediction. Estimize has beaten Wall Street IBM EPS predictions 59% of the time. We anticipate a revenue of $19.737B, a 2% YoY growth and $121M more than Wall Street’s IBM revenue estimate.
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IBM is a cloud, blockchain, and AI play. They provide their cloud services to the 10 largest global banks, nine of the top 10 retailers, and eight of the top 10 airlines. They are partnering with Stronghold to produce a cryptocurrency backed by the US dollar. On July 11th IBM’s Project Debater impressed with its ability to make human-like arguments. IBM’s Cognitive Solutions segment has seen steady growth in recent years while its Technology and Business Service revenues have declined.
Disclosure: There can be no assurance that the information we considered is accurate or complete, nor can there be any assurance that our assumptions are correct.