International Business Machines Corporation (IBM - Free Report) is set to report first-quarter fiscal 2018 results on Apr 17 after the closing bell. Notably, the company beat the Zacks Consensus Estimate in the trailing four quarters with an average positive surprise of 2.83%.
IBM is well poised to benefit from its growing presence in the enterprise artificial intelligence (AI) market on an increasing clientele. Strength in cloud, security and analytics as well as cost savings are expected to drive company’s top and bottom-line. Further, expanding footprint in the rapidly growing blockchain market is a positive.
What to Expect?
For first-quarter fiscal 2018, the Zacks Consensus Estimate for IBM’s earnings per share and total revenues are projected to be $2.39 and $18.71 billion representing an increase of 0.4% and 3.1%, respectively, from first-quarter fiscal 2017.
Let’s see how things are shaping up for this announcement.
International Business Machines Corporation Price, Consensus and EPS Surprise