Zacks.com users have recently been watching IBM (IBM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Examine the evolution of IBM's (IBM) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
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The headline numbers for IBM (IBM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
IBM has surged on generative AI hype, but the company still lacks significant growth to justify excitement over AI capabilities. Despite some positive trends in software growth, IBM's overall revenue growth remains stagnant, with concerns over a lack of investment in AI. The stock trades at 19x EPS targets and IBM isn't producing the type of growth to warrant this valuation.
IBM reported Q2 earnings of $2.43 per share, beating Wall Street's $2.20 estimate. Management raised their full-year free-cash-flow guidance to "greater than $12 billion.
IBM's Q2 earnings beat expectations, triggering a stock price rally. I expect the developments reported in Q2 to support further stock price advances. Top return drivers include growth potential for its software segment, robust profit metrics, and strong free cash generation.
Does IBM (IBM) have what it takes to be a top stock pick for momentum investors? Let's find out.
International Business Machines (IBM) reported strong second-quarter 2024 results, beating estimates for earnings and revenues.
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International Business Machines Corp. (NYSE: IBM) unveiled its Q2 2024 earnings after markets closed for trade on Wednesday. The earnings surpassed Wall Street expectations, yet eliciting mixed reactions from analysts.