What to expect from one of the most trusted US companies?
IBM (NYSE: IBM) to release the Q1 earnings report today, Tuesday, April 19, after market close. The consensus EPS estimate is $1.39, and the consensus revenue estimate is $13.84B - $13.87. The report will cover the fiscal quarter that ended in March. For the same quarter, last year company reported $1.77 in earnings per share on $17.34 billion in revenue. Estimated numbers can increase the company's profit up to $9.82 EPS and $60.68 billion in revenue for the whole year of 2022. However, expected results mean -a 21.5% fall in EPS and -a 21.8% loss in revenue, compared with a year ago.
IBM is one of the most stable companies in the stock markets. In the latest eight reports, IBM has beaten EPS estimates 100% of the time and revenue estimates 63% of the time. Along with all of them, its 5.2% annual yield also is another great reason to count that, as one of the most interesting stocks for dividend investors.
While in the last years, the company had not much innovation, now IBM developing a “growth quality” as well, which increases hopes for a better future. In this report, we have to focus on the news and reports on "Kyndryl", and its "Cloud", "Consulting", "Infrastructure" and "Software" businesses. However, overall investors are still positive about the coming report as well.
From the technical point of view, $122 is the main support, and for the long term, it can support the bulls, but turning under this level, can change the trend. On the other side, in the uptrend, bulls will need to confirm themselves above $133 to open the doors for the following targets at $137 and $142.
