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IBM (IBM) closed at $ 136.32 during the last trading session, marking a 1.66% increase over the previous day. This development exceeded the 1.08% daily gain of the S & P 500. At the same time, the Dow Jones added 0.91% and the Nasdaq, a large group of technologies, gained 1.31%.
Prior to today 's trading, shares in the technology consulting firm had lost 4.71% over the past month. This lagged behind the loss of 1.68% in IT and Technology and the 0.68% loss of the S & P 500 during this period.
Investors hope that IBM will give them strength in the approach of publishing their next results. The company is expected to generate EPS of $ 2.71, down 20.76% from the same quarter last year. At the same time, Zacks' estimated consensus revenue forecasts net sales of $ 18.34 billion, down 2.2% from the same period a year ago.
Zacks consensus estimates, released by IBM throughout the year, expect earnings of $ 12.80 per share and $ 77.81 billion in revenue. These results would represent variations from one year to the other of -7.31% and -2.24%, respectively.
Investors should also note recent changes made to analysts' estimates for IBM. These revisions help to show the ever-changing nature of short-term business trends. Thus, positive estimates revisions reflect analysts' optimism about the company's operations and profitability.
Based on our research, we believe that these revisions are directly related to stock movements near the teams. Investors can benefit by using Zacks' ranking. This model takes into account these estimation changes and provides a simple and usable scoring system.
The Zacks filing system ranges from # 1 (strong buy) to # 5 (strong sell). It displays outstanding success, unverified, with No. 1 stock offering an average annual return of + 25% since 1988. The Zacks Consensus EPS estimate remained stagnant last month. IBM is currently displaying the Zacks ranking of # 4 (sale).
As valuations are also important, investors should be aware that IBM's forward price-to-earnings ratio is currently 10.48. Its sector of activity displays an average P / E of 10.74. It can therefore be concluded that IBM is trading at a comparable price.
It should also be noted that IBM currently has a PEG ratio of 2.1. This measure is used in the same way as the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the security. The Computer – Integrated Systems shares hold on average a PEG ratio of 2.1 based on yesterday 's closing prices.
The IT – Integrated Systems sector is part of the IT and Technology sector. Zacks is currently ranked in the 196 industries category by Zacks, which places it in the bottom 24% of 250+ industries.
The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all these measures, and much more, on Zacks.com.
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
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International Business Machines Corporation (IBM): free stock analysis report
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To read this article on Zacks.com, click here."data-reactid =" 30 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
International Business Machines Corporation (IBM): free stock analysis report
To read this article on Zacks.com, click here.
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