With a 70% rally over the past 12 months, IBM stock is trading at record levels ahead of an important Q3 report Wednesday.
IBM is likely to have recorded higher revenues from the Software segment on product innovation and the growing clout of watsonx.ai.
IBM is likely to have recorded higher revenues from the Consulting segment backed by rising demand for technology consulting and business transformation services.
When IBM reports their Q3 2024 earnings Wednesday, consensus expectations will be looking for $2.23 in EPS on $2.6 billion in operating income, and $15 billion in revenue. Perhaps something the Street is warming up to is IBM's improved free cash flow. For Q4 '24 (typically IBM's strongest quarter of the year), the sell-side consensus is expecting $3.76 in EPS, $4.3 billion in operating income, and $17.9 billion in revenue.
IBM released the latest version of its artificial intelligence models catered towards businesses on Monday, looking to capitalize on the surge in enterprises adopting generative AI technology.
What's driving the next wave of AI innovation? Check out two underrated stocks poised to reshape the AI landscape.
This cloud-computing leader may have more room to run.
Beyond analysts' top -and-bottom-line estimates for IBM (IBM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
IBM is poised to benefit from strong demand for hybrid cloud and AI, driving growth in the Software and Consulting segments.
IBM is set to acquire Prescinto to expand its AI-native asset management product offerings and boost prospects in the renewable energy sector.
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.
Gary Cohn, IBM vice chair, joins 'Money Movers' to discuss how investors should feel about inflation, what the Federal Reserve should do, and how Cohn would prefer the last mile of inflation be wiped away.