IBM (NYSE: IBM) has set the date for the release of its third quarter financial results on Wednesday 23rd October 2024, after market close. Investors and analysts will have a chance to analyze the company's performance during the quarter.
According to the predictions of financial experts on Wall Street, the organization is set to unveil an estimated $2.23 profit per share for the quarter. Additionally, the company is expected to report a total revenue of $15.05 billion for the specific period.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $63.25 billion. Additionally, they predict that the earnings per share for the company will hit profit of $10.17 by the end of the fiscal year.
The earnings report for the corresponding quarter in the previous year showcased a per-share income of $2.2. This considerable sum was attributed to the company's total revenue, which reached an impressive $14.75 billion during that specific quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.43 | +11.5% | 15.77 B | +1.9% |
| Q1 2024 | $1.68 | +23.5% | 14.46 B | +1.5% |
| Q4 2023 | $3.87 | +7.5% | 17.38 B | +4.1% |
| Q3 2023 | $2.20 | +21.5% | 14.75 B | +4.6% |
| Q2 2023 | $2.18 | -5.6% | 15.48 B | -0.4% |
| *Growth on year-over-year basis | ||||
IBM has scheduled a conference call on 23rd October 2024 at 05:00 PM eastern time to discuss the third quarter financial results and other related information.
During the trading day, IBM (IBM) shares reached a low of $230.26 and a high of $232.42, along with a total volume of 2.14 million shares. The stock ended the regular trading session at $231.75, marking decrease of 0.19 percent.
