Wall Street predicts IBM (IBM) to report quarterly profits and revenues that rise year-over-year in December 2023. This widely-known consensus prognosis is vital for judging the company's earnings picture, but how final outcomes compare to these expectations might affect its stock price.
If these key metrics are better than predicted, the January 24, 2024 earnings announcement may boost the stock. If they miss, the stock may fall.
Management's earnings call description of business circumstances will primarily decide the price change's durability and future earnings forecasts, but it's worth handicapping the probabilities of a good EPS surprise.
Zacks consensus score. This technology and consulting firm is projected to announce quarterly earnings of $3.75 per share, up 4.2% year-over-year. Revenues should reach $17.12 billion, up 2.6% from the previous quarter.
Revision Trend Estimate Over the past 30 days, the consensus quarter EPS estimate has increased 4.97%. This shows how the covering experts have adjusted their initial estimates over time.
Investors should note that the aggregate change may not represent the direction of estimate changes by each covered analyst.
Profits Whisper Pre-earnings estimate revisions reveal business circumstances for the time. Our unique surprise prediction algorithm, the Zacks Earnings ESP, relies on this information.
Zacks Earnings ESP compares the Most Accurate Estimate, a more recent EPS estimate, to the Zacks Consensus Estimate for the quarter. Analysts adjusting their forecasts before an earnings announcement have the newest information, which may be more accurate than what they and others in the consensus projected previously.