Zacks Research Analysts Lower Earnings Estimates for IBM

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

International Business Machines Corporation (NYSE:IBM - Free Report) - Equities researchers at Zacks Research dropped their Q2 2027 earnings per share estimates for shares of International Business Machines in a research report issued to clients and investors on Monday, August 18th. Zacks Research analyst Team now anticipates that the technology company will post earnings of $3.40 per share for the quarter, down from their prior estimate of $3.47. The consensus estimate for International Business Machines' current full-year earnings is $10.78 per share.

Several other equities research analysts also recently issued reports on the company. Bank of America dropped their target price on International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, July 24th. BMO Capital Markets increased their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Wedbush raised their target price on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Melius Research raised shares of International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Finally, Royal Bank Of Canada raised their target price on shares of International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $268.75.

International Business Machines Stock Performance

International Business Machines stock traded up $2.2890 during trading on Tuesday, hitting $241.6890. The stock had a trading volume of 3,128,796 shares, compared to its average volume of 4,727,108. The stock has a market cap of $224.63 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 3.73 and a beta of 0.69. The stock's 50 day moving average is $270.32 and its two-hundred day moving average is $258.17. International Business Machines has a 1 year low of $194.39 and a 1 year high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same quarter in the prior year, the business earned $2.43 earnings per share. International Business Machines's revenue for the quarter was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On International Business Machines

A number of hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after purchasing an additional 2,323 shares during the period. MML Investors Services LLC lifted its position in shares of International Business Machines by 3.5% in the 4th quarter. MML Investors Services LLC now owns 171,485 shares of the technology company's stock worth $37,698,000 after purchasing an additional 5,857 shares during the period. Transce3nd LLC purchased a new stake in shares of International Business Machines in the 4th quarter worth approximately $129,000. Wealth Dimensions Group Ltd. lifted its position in shares of International Business Machines by 1.0% in the 4th quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock worth $873,000 after purchasing an additional 40 shares during the period. Finally, Stifel Financial Corp lifted its position in International Business Machines by 0.4% during the fourth quarter. Stifel Financial Corp now owns 1,929,002 shares of the technology company's stock valued at $424,068,000 after acquiring an additional 6,875 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.