The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our proprietary surprise prediction model - the Zacks Earnings ESP (Expected Surprise Prediction) - has this insight at its core. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Įstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has been revised 0.88% higher over the last 30 days to the current level. Revenues are expected to be $15.51 billion, down 0.1% from the year-ago quarter. This technology and consulting company is expected to post quarterly earnings of $2 per share in its upcoming report, which represents a year-over-year change of -13.4%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The earnings report, which is expected to be released on July 19, 2023, might help the stock move higher if these key numbers are better than expectations. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Global markets live: IBM, Netflix, Tesla, Blackstone, Apple.The market expects IBM ( IBM Quick Quote IBM - Free Report) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2023. Stifel Adjusts Price Target on IBM to $144 From $140, Maintains Buy Rating IBM's In-Line Q2 Results, Unchanged 2023 Outlook Keep 'Investment Narrative Little Changed,' Morgan Stanley Says International Business Machines Corporation Declares Increase in Regular Quarterly Cash Dividend, Payable September 9, 2023ĭpa-AFX Overview: COMPANIES of - 3:15 p.m.ĮMEA Morning Briefing: Stock Futures Fall Ahead of Busy Central Bank WeekīofA Securities Adjusts IBM's Price Target to $160 From $152, Keeps Buy Rating Nexion Group Expands Relationship With IBM to Boost Revenue Growth Union Bank of India Taps IBM India for Digital Transformation Initiative IBM Launches New Tool to Help Enterprises Track Greenhouse Gas Emissions Across Cloud Services and Advance their Sustainability Performance Throughout Their Hybrid, Multicloud Journeys XCMG Machinery Forms Strategic Alliances with IBM and SAP to Foster Global Digital and Intelligent Transformation and Drive International Business Growth NABP Collaborates With IBM to Build New Digital Platform to Protect the Drug Supply Chain
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |