What's Happening with IBM
IBM Common Stock (IBM) is scheduled to report Quarter 3 numbers after the market close on October 19. Analysts forecast earnings of $1.21 per share for the quarter. During the same period last year the company earned $1.14, and the stock is down -6.1% on the year.
IBM was recently trading at $125.9 down $32.85 from its 12-month high and $35.34 above its 12-month low. InvestorsObserver gives IBM a 27 long-term technical score and a 46 short-term technical score. The stock has recent support above $116.17 and recent resistance below $129.73. 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 41 from InvestorsObserver.
IBM has shown annual earnings growth of -4.99% over the last five years, and looking ahead analysts expect the company to grow profits 2.85% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $1.21 EPS. IBM is currently trading at $125.90 with an average price target of $136.87.