International Business Machines (IBM) is scheduled to release its 3Q15 earnings results after the closing bell on Monday. The Street has consensus estimates of $3.30 in earnings per share and $19.61 billion in revenue. In the Q3 of the previous year, the provider of IT products and services posted $3.68 in EPS and $22.4 billion in revenue. Meanwhile, for the current quarter EarningsWhisper.com reports a whisper number of $3.37 per share.
As a quick reminder, IBM reported Q215 EPS of $3.84, $0.06 better than the Street’s consensus estimate of $3.78. Revs declined 14.75% on a year-over-year basis to $20.8 billion versus the $20.95 billion consensus.
New York-based IBM, currently valued at $147.31 billion, has a high Wall Street price target of $185, which reflects a return potential of about 23% over the last closing price of the stock.
IBM shares have advanced 1.52% in the last 4 weeks while declining 12.46% in the past three months. Over the past 5 trading sessions the stock has lost 1.31%.
Shares of International Business Machines Corporation are down 13.86% year-over-year and 4.10% year-to-date.