Wall Street analysts expect IBM (IBM) to post quarterly earnings of $3.75 per share in its upcoming report, which indicates a year-over-year increase of 4.2%. Revenues are expected to be $17.16 billion, up 2.8% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 4.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, it ...

IBM (IBM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this technology and consulting company have returned +3.8% over the past month versus the Zacks S&P 500 composite's +0.9% change. The Zacks Computer - Integrated Systems industry, to which IBM belongs, has lost 0.4% over this period. Now the key question is: Where could the stock be headed in the near term?While ...

Choppy Market Ahead?Last week, I wrote an in-depth piece about why I believe the major US indices are likely to chop back-and-forth for the first half of 2024. To summarize, the reasons that I believe the market is in for a frustrating period include election year seasonality trends, over-heated sentiment readings, and the need for digestion after a robust end-of-2023 rally. While there are no guarantees my prediction will come to fruition, the data points laid out in the article suggest the odds favor a ra ...

Regardless of their price volatility, cryptocurrencies always remain in the spotlight. However, the biggest developments are on the blockchain technology front and that’s where investors will find long term value creators. Shifting away from talking about cryptos, this column will focus on the best blockchain stocks to buy.Let’s come back to the blockchain technology growth potential. In 2022, the blockchain technology market size was $4.8 billion. The market size is expected to swell to $674 billion by 203 ...

Wall Street expects a year-over-year increase in earnings on higher revenues when IBM (IBM) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 24, 2024, might help the stock move higher if these key numbers are better than expectati ...

Enables IBM consultants to build and interact with role-based Assistants powered by IBM watsonx Early adopter teams using IBM Consulting Advantage saw productivity improvements of up to 50% in an application design, development and testing pilot ARMONK, N.Y., Jan. 17, 2024 /PRNewswire/ -- Today, IBM (NYSE: IBM) Consulting is rolling out IBM Consulting Advantage, an AI services platform designed to support IBM consultants in delivering consistency, repeatability and speed for our clients. It includes a po ...

RALEIGH, N.C.--(BUSINESS WIRE)--Red Hat, Inc., the world's leading provider of open source solutions, today announced the transformation of its global partner experience to offer greater simplicity, choice and flexibility to partners collaborating with Red Hat. As part of this transformation, Red Hat is modernizing its partner engagement model by launching a new program framework, introducing upgraded tools to enable streamlined cross-collaboration and providing easier access to critical technology, trainin ...

IBM (IBM) closed at $166.96 in the latest trading session, marking a +0.7% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.37% for the day. Elsewhere, the Dow saw a downswing of 0.62%, while the tech-heavy Nasdaq depreciated by 0.19%.Prior to today's trading, shares of the technology and consulting company had gained 1.88% over the past month. This has outpaced the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56% in that time.The investment ...

Artificial intelligence (AI) isn't just another tech buzzword; it's a groundbreaking force, reshaping our lives and businesses. In a memorable blog post from the spring of 2023, Microsoft founder Bill Gates compared AI's game-changing powers to the introduction of the internet and the mobile phone:It will change the way people work, learn, travel, get healthcare, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.And Gat ...

NEW YORK, Jan. 15, 2024 /PRNewswire/ -- As we enter 2024, the retail landscape is undergoing a transformation, propelled by changes in consumer preferences and advancements in new technologies. According to a recent IBM (NYSE: IBM) Institute for Business Value study today's discerning shoppers expect a tailored shopping journey, complete with the convenience of product choices, detailed information, diverse payment methods and a seamless integration of in-store and online experiences that cater to their ind ...