What's Happening with IBM
IBM Common Stock (IBM) is scheduled to report Quarter 1 numbers after the market close on April 19. Analysts forecast earnings of $0.20 per share for the quarter. During the same period last year the company earned $0.14, and the stock is up 6.1% on the year.
Technical Analysis
IBM was recently trading at $133.62 down $3.45 from its 12-month high and $27.70 above its 12-month low. InvestorsObserver gives IBM a 49 long-term technical score and a 64 short-term technical score. The stock has recent support above $129.21 and recent resistance below $137.56. Of the 10 analysts who cover the stock 4 rate it Strong Buy, 0 rate it Buy, 6 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, IBM gets an overall score of 62 from InvestorsObserver.
Analysts' Thoughts
IBM has shown annual earnings growth of -4.99% over the last five years, and looking ahead analysts expect the company to grow profits 5.76% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.20 EPS. IBM is currently trading at $133.62 with an average price target of $139.70.