What To Expect From IBM's Q2 Earnings? BofA Forecasts No Change In Annual Outlook
What To Expect From IBM's Q2 Earnings? BofA Forecasts No Change In Annual Outlook
BofA Securities analyst Wamsi Mohan provides earnings preview ahead of International Business Machines Corporation (NYSE:IBM) second-quarter results release after market close on July 24.
纳斯达克证券分析师瓦姆西·莫汉在IBM公司（纽交所：IBM）第二季度业绩发布前夕提供了盈利预测，发布时间为7月24日收市后。
The analyst writes that IBM's shares are up 12% year-to-date but have lagged behind the SPX index, which gained 18% over the past year. Since the F1Q earnings call, IBM's shares have risen 8%.
分析师称，IBM股票今年迄今上涨了12％，但落后于SPX指数，后者在过去一年中上涨了18％。自F1Q业绩电话会议以来，IBM股票上涨了8％。
The analyst expects Software (RHT) and Consulting revenues to improve in the second half but sees some risk in the near future, given the weak macro.
分析师预计软件（RHT）和咨询业务在下半年将有所改善，但考虑到宏观经济疲软，存在一定风险。
The Gen AI segment, with a $1 billion backlog, presents significant opportunities in consulting (75%) and software (25%), says the analyst.
该分析师表示，拥有10亿美元积压订单的Gen AI业务在咨询业务（75％）和软件（25％）方面存在重大机遇。
Mohan writes that challenges include a soft macroeconomic environment and profitability heavily weighted towards the fourth quarter, with tough comparisons expected.
莫汉写道，面临的挑战包括宏观经济环境疲软和以第四季度为重的盈利能力，预计将面临严峻的比较环境。
The analyst forecasts robust revenue growth for Software (RHT) in the second half of 2024, expecting double-digit increases in the third and fourth quarters, driven by robust bookings, favorable year-over-year comparisons, and potential market share gains from disruption caused by the AVGO/VMW merger.
分析师预测，软件（RHT）在2024下半年将有强劲的收入增长，预计第三季度和第四季度将实现两位数的增长，这将受益于强劲的订购，有利的同比环比和由AVGO/VMW合并引起的潜在市场份额增加。
Mohan anticipates Consulting revenue in the second half of FY24 to benefit from backlog conversion, M&A, and General AI backlog, with a projected increase of 3% Y/Y as reported, or mid-single digits Y/Y in constant currency, in line with guidance.
莫汉预计，由于积压订单转化、并购和Gen AI积压订单的影响，FY24下半年的咨询收入预计将增长3％，按报告数据计算，或者按常态货币计算，同比增长低个位数，符合预期。
Overall, the analyst expects IBM to reaffirm its annual guidance. The analyst reiterated a Buy rating on the stock, with a price target of $209, due to its ongoing turnaround, revenue and cash flow improvements, defensive portfolio, and attractive dividend yield.
总体而言，分析师预计IBM将重申其年度指引。该分析师重申对股票的买入评级，目标价为209美元，原因是该公司正在进行持续的转型，收入和现金流改善，防御型投资组合和有吸引力的股息收益率。
According to Benzinga Pro, IBM stock has gained over 36% in last 12 months. Investors can gain exposure to the stock via FT Vest Technology Dividend Target Income ETF (BATS:TDVI) and FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG).
据Benzinga Pro称，IBm股票在过去12个月中上涨了36％以上。投资者可通过Ft Vest Technology Dividend Target Income ETF（BATS：TDVI）和Ft Vest DJIA Dogs 10 Target Income ETF（BATS：DOGG）获得该股票的收益。
Also Read: Why Goldman Sachs Is Bullish On IBM
另请参阅：高盛为何看好IBM
Price Action: IBM shares are up 0.25% at $183.29 at the last check Monday.
截至周一最后一次检查，IBm股票上涨0.25％，至183.29美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Image via Open Grid Scheduler / Grid Engine
图片通过Open Grid Scheduler / Grid Engine