IBM (IBM) Falls More Steeply Than Broader Market: What Investors Need to Know

IBM (IBM) closed at $302.05 in the latest trading session, marking a -1.21% move from the prior day. The stock’s change was less than the S&P 500’s daily loss of 0.14%. Elsewhere, the Dow lost 0.2%, while the tech-heavy Nasdaq lost 0.24%.

Coming into today, shares of the technology and consulting company had gained 0.02% in the past month. In that same time, the Computer and Technology sector gained 0.2%, while the S&P 500 gained 0.94%.

Analysts and investors alike will be keeping a close eye on the performance of IBM in its upcoming earnings disclosure. The company’s upcoming EPS is projected at $4.33, signifying a 10.46% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $19.21 billion, showing a 9.45% escalation compared to the year-ago quarter.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.39 per share and a revenue of $67.02 billion,…