International Business Machines: (NYSE: IBM)

$203.21

0.74 (0.37%)

Volume 3,693,513

May 14 04:01 PM ET

Zacks Rank: 3-Hold

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.27%
#2	Buy	18.43%
#3	Hold	9.86%
#4	Sell	4.09%
#5	Strong Sell	1.87%
S&P	500	9.59%

Detailed Estimates

Current Quarter Estimate	3.79
Next Quarter Estimate	3.94
Current Year Estimate	16.67
Next Year Estimate	18.36
Expected Earnings Growth	9.20%
Expected Sales Growth	1.15%
Next Earnings Report Date	07-17-2013
EPS Last Quarter	3.06
Last Quarter EPS Surprise	-1.96%
EPS (Trailing 12 Mos.)	15.52
PE (Forward)	12.14
ABR	2.15

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		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
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                                                                        Zacks Rank
                                                                        Definition
                                                                        Annualized Return
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.27%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.43%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        9.86%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.09%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        1.87%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.59%
                                                                    
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		3
Hold

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		Top Peers
		Symbol
		Zacks Rank
	
		INTL BUS MACH
		IBM
		
		CONCURRENT NEW
		CCUR
		
		ORBOTECH LTD
		ORBK
		
		MENTOR GRAPHICS
		MENT
		
		NCR CORP-NEW
		NCR
		
		DIEBOLD INC
		DBD
		
		DIGITAL CHINA
		DCHIF
		
		ECHELON CORP
		ELON
		
		IMAGE SENSE SYS
		ISNS
		
		MERCURY COMPUTR
		MRCY
		
                                  See all COMPUTER-INTEGRATED SYSTEMS Peers
                                
Turn Earnings Surprises into quick profits.

Top Peers	Symbol	Zacks Rank
INTL BUS MACH	IBM
CONCURRENT NEW	CCUR
ORBOTECH LTD	ORBK
MENTOR GRAPHICS	MENT
NCR CORP-NEW	NCR
DIEBOLD INC	DBD
DIGITAL CHINA	DCHIF
ECHELON CORP	ELON
IMAGE SENSE SYS	ISNS
MERCURY COMPUTR	MRCY

            Earnings Growth Estimates
         
		IBM
		IND
		S&P
	
		Current Qtr (06/2013)
		7.93
		NA
		NA
	
		Next Qtr (09/2013)
		8.84
		NA
		NA
	
		Current Year (12/2012)
		9.30
		2.40
		11.40
	
		Next Year (12/2013)
		10.10
		16.90
		6.50
	
		Past 5 Years
		15.50
		4.40
		5.70
	
		Next 5 Years
		9.20
		17.80
		NA
	
		PE
		12.10
		15.60
		15.20
	
		PEG Ratio
		1.32
		0.88
		NA
	
            Detailed Earnings Estimates
         
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Zacks Consensus Estimate
		3.79
		3.94
		16.67
		18.36
	
		# of Estimates
		6
		6
		8
		15
	
		Most Recent Consensus
		3.79
		3.98
		16.75
		18.47
	
		High Estimate
		3.80
		3.98
		16.77
		18.68
	
		Low Estimate
		3.77
		3.85
		16.46
		18.00
	
		Year ago EPS
		3.51
		3.62
		15.25
		16.67
	
		Year over Year Growth Est.
		7.93%
		8.84%
		9.33%
		10.15%
	
            Agreement - Estimate Revisions
       
		Current Qtr 
(06/2013)
		Next Qtr  
(09/2013)
		Current Year 
 (12/2013)
		Next Year 
   (12/2014)
	
		Up Last 7 Days
		0
		0
		0
		0
	
		Up Last 30 Days
		0
		4
		0
		3
	
		Up Last 60 Days
		0
		4
		0
		4
	
		Down Last 7 Days
		0
		0
		0
		0
	
		Down Last 30 Days
		6
		2
		6
		7
	
		Down Last 60 Days
		6
		2
		6
		7
	
            Magnitude - Consensus Estimate Trend
       
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Current
		3.79
		3.94
		16.67
		18.36
	
		7 Days Ago
		3.79
		3.94
		16.67
		18.36
	
		30 Days Ago
		3.95
		3.92
		16.75
		18.39
	
		60 Days Ago
		3.95
		3.92
		16.75
		18.23
	
		90 Days Ago
		3.93
		3.93
		16.75
		18.24
	
            Upside - Most Accurate Estimate versus Zacks Consensus
         
		Current Qtr 
 (06/2013)
		Next Qtr 
 (09/2013)
		Current Year 
 (12/2013)
		Next Year 
 (12/2014)
	
		Most Accurate Estimate
		3.79
		3.94
		16.66
		18.38
	
		Zacks Consensus Estimate
		3.79
		3.94
		16.67
		18.36
	
		Earnings ESP 
		0.00%
		0.00%
		-0.06%
		0.11%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus. This % difference = the expected surprise prediction.

            Surprise - Reported Earnings History
         
		Quarter Ending 
 (03/2013)
		Quarter Ending 
 (12/2012)
		Quarter Ending 
 (09/2012)
		Quarter Ending 
 (06/2012)
		Average Surprise
	
		Reported
		3.00
		5.39
		3.62
		3.51
		NA
	
		Estimate
		3.06
		5.25
		3.62
		3.42
		NA
	
		Difference
		-0.06
		0.14
		0.00
		0.09
		0.06
	
		Surprise
		-1.96%
		2.67%
		0.00%
		2.63%
		1.11%
	
        Earnings Transcript for IBM from 10/17/2012
        
                                Quarterly Estimates by Analyst
                            
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                                Annual Estimates by Analyst
                            
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International Business Machines: (NYSE: IBM)

$203.21

0.74 (0.37%)

Volume 3,693,513

May 14 04:01 PM ET

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks #1 Rank Strong Buys

Zacks Recommendation Long-Term: 6+ Months

All Outperform Rated Stocks

Zacks Industry Rank

Equity Research Report

Premium research: Industry Analysis

See all COMPUTER-INTEGRATED SYSTEMS Peers

Earnings Growth Estimates

Detailed Earnings Estimates

Agreement - Estimate Revisions

Magnitude - Consensus Estimate Trend

Upside - Most Accurate Estimate versus Zacks Consensus

Surprise - Reported Earnings History

Quarterly Estimates by Analyst

Annual Estimates by Analyst

	IBM	IND	S&P
Current Qtr (06/2013)	7.93	NA	NA
Next Qtr (09/2013)	8.84	NA	NA
Current Year (12/2012)	9.30	2.40	11.40
Next Year (12/2013)	10.10	16.90	6.50
Past 5 Years	15.50	4.40	5.70
Next 5 Years	9.20	17.80	NA
PE	12.10	15.60	15.20
PEG Ratio	1.32	0.88	NA

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Zacks Consensus Estimate	3.79	3.94	16.67	18.36
# of Estimates	6	6	8	15
Most Recent Consensus	3.79	3.98	16.75	18.47
High Estimate	3.80	3.98	16.77	18.68
Low Estimate	3.77	3.85	16.46	18.00
Year ago EPS	3.51	3.62	15.25	16.67
Year over Year Growth Est.	7.93%	8.84%	9.33%	10.15%

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Up Last 7 Days	0	0	0	0
Up Last 30 Days	0	4	0	3
Up Last 60 Days	0	4	0	4
Down Last 7 Days	0	0	0	0
Down Last 30 Days	6	2	6	7
Down Last 60 Days	6	2	6	7

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Current	3.79	3.94	16.67	18.36
7 Days Ago	3.79	3.94	16.67	18.36
30 Days Ago	3.95	3.92	16.75	18.39
60 Days Ago	3.95	3.92	16.75	18.23
90 Days Ago	3.93	3.93	16.75	18.24

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Most Accurate Estimate	3.79	3.94	16.66	18.38
Zacks Consensus Estimate	3.79	3.94	16.67	18.36
Earnings ESP	0.00%	0.00%	-0.06%	0.11%

	Quarter Ending (03/2013)	Quarter Ending (12/2012)	Quarter Ending (09/2012)	Quarter Ending (06/2012)	Average Surprise
Reported	3.00	5.39	3.62	3.51	NA
Estimate	3.06	5.25	3.62	3.42	NA
Difference	-0.06	0.14	0.00	0.09	0.06
Surprise	-1.96%	2.67%	0.00%	2.63%	1.11%