
IBM Stock Dropping Ahead of Q2 Earnings
NEW YORK (TheStreet) -- Shares of IBM (IBM) - Get Report are sliding 0.48% to $159.54 this afternoon as the company prepares to report earnings for the second quarter of 2016 on Monday, July 18 after the market close.
Analysts surveyed by Thomson Reuters are looking for earnings of $2.89 per share on revenue of $20.029 billion.
For the second quarter of 2015, IBM reported non-GAAP earnings of $3.84 per share on revenue of $20.08 billion.
Barclays raised its price target on the stock to $140 from $125 this morning in anticipation of the company's report. The firm has an "underweight" rating on IBM.
IBM is an Armonk, NY-based technology company.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.
The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. TheStreet Ratings feels its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
You can view the full analysis from the report here: IBM
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.










