9/1/2023 0 Comments Ibm stock market watchand Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.īe sure to follow all of these stock-moving metrics, and many more, on. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 35% of all 250+ industries. The Computer - Integrated Systems industry is part of the Computer and Technology sector. Computer - Integrated Systems stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. We can also see that IBM currently has a PEG ratio of 3.53. Its industry sports an average Forward P/E of 14.38, so we one might conclude that IBM is trading at a no noticeable deviation comparatively. Investors should also note IBM's current valuation metrics, including its Forward P/E ratio of 14.38. IBM is holding a Zacks Rank of #2 (Buy) right now. Over the past month, the Zacks Consensus EPS estimate has moved 0.04% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. It is also important to note the recent changes to analyst estimates for IBM. These totals would mark changes of +1.97% and +2.25%, respectively, from last year. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.31 per share and revenue of $61.89 billion. Meanwhile, our latest consensus estimate is calling for revenue of $15.5 billion, down 0.21% from the prior-year quarter. This would mark a year-over-year decline of 46.32%. In that report, analysts expect IBM to post earnings of $1.24 per share. IBM will be looking to display strength as it nears its next earnings release. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 5.14%. This move lagged the S&P 500's daily gain of 0.12%. IBM ( IBM Quick Quote IBM - Free Report) closed the most recent trading day at $133.67, moving -0.1% from the previous trading session.
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