IBM (IBM - Free Report) reported $16.69 billion in revenue for the quarter ended December 2022, representing a year-over-year decline of 0%. EPS of $3.60 for the same period compares to $3.35 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $15.55 billion, representing a surprise of +7.34%. The company delivered an EPS surprise of -0.28%, with the consensus EPS estimate being $3.61.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how IBM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Infrastructure: $4.48 billion compared to the $4.24 billion average estimate based on four analysts.
- Revenue-Global financing: $172 million versus $167.48 million estimated by four analysts on average.
- Revenue- Consulting: $4.77 billion compared to the $4.58 billion average estimate based on four analysts.
- Revenue- Software: $7.29 billion compared to the $6.79 billion average estimate based on three analysts.
- Revenue- Other: -$22 million compared to the $200.01 million average estimate based on three analysts.
View all Key Company Metrics for IBM here>>>
Shares of IBM have returned -0.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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IBM (IBM - Free Report) reported $16.69 billion in revenue for the quarter ended December 2022, representing a year-over-year decline of 0%. EPS of $3.60 for the same period compares to $3.35 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $15.55 billion, representing a surprise of +7.34%. The company delivered an EPS surprise of -0.28%, with the consensus EPS estimate being $3.61.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how IBM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for IBM here>>>
Shares of IBM have returned -0.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
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