International Business Machines (IBM - Free Report) is set to report first-quarter fiscal 2019 results on Apr 16. Notably, the company surpassed the Zacks Consensus Estimate in the trailing four quarters with average beat of 1.39%.
In the last reported quarter, the company delivered non-GAAP earnings of $4.87 per share, beating the Zacks Consensus Estimate of $4.81 per share. However, earnings per share (EPS) decreased 5.9% from the year-ago quarter. The year-over-year decline in EPS can be attributed to higher tax rate.
Revenues of $21.76 billion were almost in line with the Zacks Consensus Estimate of $21.74 billion. However, the figure declined 3.5% on a year-over-year basis. At constant currency (cc), revenues dipped 1%. The year-over-year decline can primarily be attributed to currency fluctuation and headwinds from IBM Z product cycle.
Guidance & Estimates
The Zacks Consensus Estimate for the to-be-reported quarter is pegged at $18.65 billion, down roughly 2.2% from the year-ago quarter. Further, the consensus mark for earnings is pegged at $2.22 per share, indicating year-over-year decline of 9.4%.
IBM expects non-GAAP EPS forecast for 2019 to be at least $13.90. The Zacks Consensus Estimate for earnings is pegged at $13.91 per share, up marginally 7% year over year.
Let’s see how things are shaping up prior to this announcement.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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International Business Machines (IBM - Free Report) is set to report first-quarter fiscal 2019 results on Apr 16. Notably, the company surpassed the Zacks Consensus Estimate in the trailing four quarters with average beat of 1.39%.
In the last reported quarter, the company delivered non-GAAP earnings of $4.87 per share, beating the Zacks Consensus Estimate of $4.81 per share. However, earnings per share (EPS) decreased 5.9% from the year-ago quarter. The year-over-year decline in EPS can be attributed to higher tax rate.
Revenues of $21.76 billion were almost in line with the Zacks Consensus Estimate of $21.74 billion. However, the figure declined 3.5% on a year-over-year basis. At constant currency (cc), revenues dipped 1%. The year-over-year decline can primarily be attributed to currency fluctuation and headwinds from IBM Z product cycle.
Guidance & Estimates
The Zacks Consensus Estimate for the to-be-reported quarter is pegged at $18.65 billion, down roughly 2.2% from the year-ago quarter. Further, the consensus mark for earnings is pegged at $2.22 per share, indicating year-over-year decline of 9.4%.
IBM expects non-GAAP EPS forecast for 2019 to be at least $13.90. The Zacks Consensus Estimate for earnings is pegged at $13.91 per share, up marginally 7% year over year.
Let’s see how things are shaping up prior to this announcement.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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