International Business Machines (IBM -0.19%) is set to report its fourth-quarter results after the market closes on Wednesday, Jan. 29. IBM stock has surged 65% over the past three years as the company spun off a big low-growth business and settled into a strategy focused on hybrid-cloud and AI platforms.
IBM is scheduled to report their Q4 '24 earnings on Wednesday, January 29th, 2025. Sell-side consensus is expecting $3.75 in earnings per share on $17.45 billion in revenue for an expected y-o-y decline of 3% in EPS on flat or zero revenue growth y-o-y. The company is also expecting $4.29 billion in operating income, which would actually be 14% y-o-y growth for that key metric.
International Business Machines (IBM -0.55%) has redefined itself as a cloud and artificial intelligence (AI) company. Its role in fostering a hybrid cloud and its watsonx AI have again made it a company to watch in the technology space.
IBM (IBM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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With declining earnings estimates, IBM is witnessing a negative investor perception and it might be prudent to avoid the stock at the moment.
When you think about cutting-edge artificial intelligence (AI) companies, generous dividend payments probably aren't on your radar. AI is a booming and fast-evolving industry, requiring massive investments to keep pace with the competition.
IBM (IBM) closed at $224.26 in the latest trading session, marking a -0.24% move from the prior day.
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IBM (IBM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
International Business Machines' (IBM 0.96%) strategy centers around hybrid cloud computing and artificial intelligence (AI). In the cloud computing market, IBM's acquisition of Red Hat forms the foundation of its hybrid cloud platform.