IBM
$166.52
IBM
$1.16
.70%

Earnings History

Earnings
Revenue
Reaction
Drift
EPS Above Estimates
FY 2012
1/19/2012
4:03:01 PM
at least $14.85
4.4%
2.5%
Guidance:
Consensus:
IBM Sees 2012 Above Estimates

International Business Machines Corp. said it expects 2012 earnings of at least $14.85 per share. The current consensus earnings estimate is $14.81 per share for the year ending December 31, 2012.
EPS Above Estimates
FY 2012
4/17/2012
4:08:00 PM
at least $15.00
$14.87
-3.5%
0.6%
Guidance:
Consensus:
IBM Raises Guidance

International Business Machines Corp. said it now expects 2012 earnings of at least $15.00 per share. The company's previous guidance was earnings of at least $14.85 per share and the current consensus earnings estimate is $14.87 per share for the year ending December 31, 2012.
EPS Above Estimates
FY 2012
7/18/2012
4:06:02 PM
at least $15.10
$15.01
3.8%
0.3%
Guidance:
Consensus:
IBM Guides Higher

International Business Machines Corp. said it now expects 2012 earnings of at least $15.10 per share. The company's previous guidance was earnings of at least $15.00 per share and the current consensus earnings estimate is $15.01 per share for the year ending December 31, 2012.
Reaffirms
FY 2012
10/16/2012
4:11:00 PM
at least $15.10
$15.14
-4.9%
-5.2%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2012 non-GAAP earnings of at least $15.10 per share. The current consensus earnings estimate is $15.14 per share for the year ending December 31, 2012.
EPS Above Estimates
FY 2013
1/22/2013
4:06:01 PM
at least $16.70
4.4%
0.0%
Guidance:
Consensus:
IBM Guides Above Estimates for 2013

International Business Machines Corp. said it expects 2013 non-GAAP earnings of at least $16.70 per share. The current consensus earnings estimate is $16.58 per share for the year ending December 31, 2013.
Reaffirms
FY 2013
4/18/2013
4:05:07 PM
at least $16.70
$16.74
-8.5%
-0.7%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2013 non-GAAP earnings of at least $16.70 per share. The current consensus earnings estimate is $16.74 per share for the year ending December 31, 2013.
EPS Above Estimates
FY 2013
7/17/2013
4:07:01 PM
at least $16.90
$16.64
1.8%
-0.5%
Guidance:
Consensus:
IBM Raises Guidance

International Business Machines Corp. said it now expects 2013 non-GAAP earnings of at least $16.90 per share. The company's previous guidance was earnings of at least $16.70 per share and the current consensus earnings estimate is $16.64 per share on revenue of $103.52 billion for the year ending December 31, 2013.
Reaffirms
FY 2013
10/16/2013
4:04:00 PM
at least $16.90
$16.87
-6.4%
2.3%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2013 non-GAAP earnings of at least $16.90 per share. The current consensus earnings estimate is $16.87 per share for the year ending December 31, 2013.
EPS Above Estimates
FY 2014
1/21/2014
4:05:08 PM
at least $18.00
-3.3%
-2.7%
Guidance:
Consensus:
IBM Sees 2014 Above Estimates

International Business Machines Corp. said it expects 2014 earnings of at least $18.00 per share. The current consensus earnings estimate is $17.98 per share for the year ending December 31, 2014.
Reaffirms Above Estimates
FY 2014
4/16/2014
4:07:31 PM
at least $18.00
$17.92
-3.3%
1.6%
Guidance:
Consensus:
IBM Reaffirms Above Estimates

International Business Machines Corp. said it continues to expect 2014 earnings of at least $18.00 per share. The current consensus earnings estimate is $17.92 per share for the year ending December 31, 2014.
Reaffirms Above Estimates
FY 2014
7/17/2014
4:07:09 PM
at least $18.00
$17.93
0.0%
1.3%
Guidance:
Consensus:
IBM Reaffirms Above Estimates

International Business Machines Corp. said it continues to expect 2014 earnings of at least $18.00 per share. The current consensus earnings estimate is $17.93 per share for the year ending December 31, 2014.
EPS Below Estimates
FY 2014
10/20/2014
7:04:07 AM
$15.97 to $16.31
$17.91
-7.1%
-3.0%
Guidance:
Consensus:
IBM Lowers Guidance

International Business Machines Corp. said during its conference call it now expects 2014 earnings of $15.97 to $16.31 per share. The company's previous guidance was for earnings of at least $18.00 per share and the current consensus earnings estimate is $17.91 per share for the year ending December 31, 2014. The company also said it no longer expects 2015 earnings of at least $20.00 per share. The current consensus earnings estimate is $19.85 per share for the year ending December 31, 2015.
In-line Guidance
FY 2015
1/20/2015
4:06:08 PM
$15.75 to $16.50
-3.1%
-1.0%
Guidance:
Consensus:
IBM Provides 2015 Guidance

International Business Machines Corp. said during its conference call it expects 2015 earnings of $15.75 to $16.50 per share. The current consensus earnings estimate is $16.49 per share for the year ending December 31, 2015.
Reaffirms
FY 2015
4/20/2015
4:05:02 PM
$15.75 to $16.50
$15.85
-1.1%
4.7%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2015 earnings of $15.75 to $16.50 per share. The current consensus earnings estimate is $15.85 per share for the year ending December 31, 2015.
Reaffirms
FY 2015
7/20/2015
4:03:00 PM
$15.75 to $16.50
$15.91
-5.9%
-2.6%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2015 earnings of $15.75 to $16.50 per share. The current consensus earnings estimate is $15.91 per share for the year ending December 31, 2015.
Lowers Guidance In-line with Estimates
FY 2015
10/19/2015
4:04:01 PM
$14.75 to $15.75
$15.73
-5.7%
-3.2%
Guidance:
Consensus:
IBM Lowers Guidance to be In-line with Estimates

International Business Machines Corp. said it expects 2015 earnings of $14.75 to $15.75 per share. The company's previous was earnings of $15.75 to $16.50 per share and the current consensus earnings estimate is $15.73 per share for the year ending December 31, 2015.
EPS Below Estimates
Q 03/2016
1/19/2016
4:06:00 PM
$2.02
$2.98
-4.9%
2.1%
Guidance:
Consensus:
IBM Guides Below Estimates

International Business Machines Corp. said during its conference call it expects first quarter earnings of approximately $2.02 per share and 2016 earnings of at least $13.50 per share. The current consensus earnings estimate is $2.98 per share for the quarter ending March 31, 2016 and $15.02 per share for the year ending December 31, 2016.
Reaffirms
FY 2016
4/18/2016
4:08:00 PM
at least $13.50
$13.51
-5.6%
1.8%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2016 earnings of at least $13.50 per share. The current consensus earnings estimate is $13.51 per share for the year ending December 31, 2016.
Reaffirms
FY 2016
7/18/2016
4:09:00 PM
at least $13.50
$13.50
-0.2%
0.2%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2016 earnings of at least $13.50 per share. The current consensus earnings estimate is $13.50 per share for the year ending December 31, 2016.
Reaffirms
FY 2016
10/17/2016
4:11:00 PM
at least $13.50
$13.50
-2.6%
0.6%
Guidance:
Consensus:
IBM Reaffirms

International Business Machines Corp. said it continues to expect 2016 earnings of at least $13.50 per share. The current consensus earnings estimate is $13.50 per share for the year ending December 31, 2016.
Date
Grade
Actual
Earnings
Whisper
Consensus
Estimate
Surprise
Growth
Gap
Drift
1/19/2012
4:03:01 PM
Dec '11
Q4 '11
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$4.62
$29.5 Bil
$4.69
$4.62
$29.8 Bil
-1.5%
-1.0%
4.4%
1.6%
2.9%
2.5%
4/17/2012
4:08:00 PM
Mar '12
Q1 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$2.78
$24.7 Bil
$2.67
$2.63
$24.7 Bil
4.1%
-0.3%
14.0%
0.3%
-2.4%
0.6%
7/18/2012
4:06:02 PM
Jun '12
Q2 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$3.51
$25.8 Bil
$3.49
$3.42
$26.4 Bil
0.6%
-2.3%
8.1%
-3.3%
2.7%
0.3%
10/16/2012
4:11:00 PM
Sep '12
Q3 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$3.62
$24.7 Bil
$3.68
$3.62
$25.4 Bil
-1.6%
-2.5%
5.1%
-5.4%
-4.6%
-5.2%
1/22/2013
4:06:01 PM
Dec '12
Q4 '12
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$5.39
$29.3 Bil
$5.28
$5.25
$29.2 Bil
2.1%
0.4%
11.6%
-0.6%
3.8%
0.0%
4/18/2013
4:05:07 PM
Mar '13
Q1 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$3.00
$23.4 Bil
$3.14
$3.06
$24.7 Bil
-4.5%
-5.2%
3.2%
-5.1%
-5.7%
-0.7%
7/17/2013
4:07:01 PM
Jun '13
Q2 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B
EPS
Rev
$3.91
$24.9 Bil
$3.81
$3.78
$25.4 Bil
2.6%
-1.8%
6.4%
-3.3%
1.9%
-0.5%
10/16/2013
4:04:00 PM
Sep '13
Q3 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$3.99
$23.7 Bil
$4.03
$3.95
$24.8 Bil
-1.0%
-4.2%
-91.7%
-4.1%
-6.9%
2.3%
1/21/2014
4:05:08 PM
Dec '13
Q4 '13
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$6.13
$27.7 Bil
$6.10
$6.01
$28.2 Bil
0.5%
-1.8%
8.0%
-5.5%
-3.8%
-2.7%
4/16/2014
4:07:31 PM
Mar '14
Q1 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G D+
EPS
Rev
$2.54
$22.5 Bil
$2.61
$2.54
$22.9 Bil
-2.7%
-1.9%
-21.5%
-3.9%
-4.7%
1.6%
7/17/2014
4:07:09 PM
Jun '14
Q2 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$4.32
$24.4 Bil
$4.33
$4.31
$24.1 Bil
-0.2%
1.0%
0.1%
-2.2%
-0.3%
1.3%
10/20/2014
7:04:07 AM
Sep '14
Q3 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$3.68
$22.4 Bil
$4.33
$4.30
$23.4 Bil
-15.0%
-4.2%
957.9%
-5.6%
-8.4%
-3.0%
1/20/2015
4:06:08 PM
Dec '14
Q4 '14
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$5.81
$24.1 Bil
$5.46
$5.41
$24.9 Bil
6.4%
-3.0%
-12.6%
-12.9%
-2.5%
-1.0%
4/20/2015
4:05:02 PM
Mar '15
Q1 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$2.91
$19.6 Bil
$2.95
$2.84
-
-1.4%
-
9.3%
-12.9%
-0.1%
4.7%
7/20/2015
4:03:00 PM
Jun '15
Q2 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$3.84
$20.8 Bil
$3.82
$3.80
$21.0 Bil
0.5%
-0.7%
-12.7%
-14.6%
-5.1%
-2.6%
10/19/2015
4:04:01 PM
Sep '15
Q3 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C-
EPS
Rev
$3.34
$19.3 Bil
$3.37
$3.33
$19.6 Bil
-0.9%
-1.7%
-10.9%
-13.9%
-4.5%
-3.2%
1/19/2016
4:06:00 PM
Dec '15
Q4 '15
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G B-
EPS
Rev
$4.84
$22.1 Bil
-
$4.76
$22.0 Bil
1.7%
0.1%
-18.6%
-8.5%
-7.5%
2.1%
4/18/2016
4:08:00 PM
Mar '16
Q1 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C+
EPS
Rev
$2.35
$18.7 Bil
$2.11
$2.09
$18.3 Bil
11.4%
2.2%
-21.5%
-4.6%
-4.0%
1.8%
7/18/2016
4:09:00 PM
Jun '16
Q2 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$2.95
$20.2 Bil
$2.93
$2.89
$20.0 Bil
0.7%
1.0%
-25.3%
-2.8%
1.2%
0.2%
10/17/2016
4:11:00 PM
Sep '16
Q3 '16
Earnings Whisper GradeE a rn in gs Wh is pe r® ed ar G C
EPS
Rev
$3.29
$19.2 Bil
$3.25
$3.21
$19.0 Bil
1.2%
1.1%
-3.8%
-0.3%
-3.1%
0.6%
EPS
Rev
-
-
-
$4.91
$21.7 Bil
-
-
1.4%
-1.4%
EPS
Rev
-
-
-
$2.36
$18.7 Bil
-
-
0.4%
0.2%
1/18/2011
$150.65
$11.52
$99.87 Bil
-
-
-
1/19/2012
$180.52
$13.38
$106.92 Bil
16.1%
7.1%
19.8%
1/22/2013
$196.08
$15.25
$104.51 Bil
14.0%
-2.3%
8.6%
1/21/2014
$188.43
$16.28
$99.75 Bil
6.8%
-4.6%
-3.9%
1/20/2015
$156.95
$16.53
$92.79 Bil
1.5%
-7.0%
-16.7%
1/19/2016
$128.11
$14.92
$81.74 Bil
-9.7%
-11.9%
-18.4%
1/19/2017
$166.52
$13.51
$79.85 Bil
-9.5%
-2.3%
30.0%
1/19/2018
$150.91
$13.80
$79.75 Bil
2.1%
-0.1%
-9.4%
1/19/2019
-
$14.13
-
2.4%
-
-

Price Projection

Current Value
$147
-11%
Projected Price
$151
-9%