International Business Machines Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
International Business Machines Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
International Business Machines Corporation (NYSE:IBM) came out with its quarterly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. International Business Machines reported US$16b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$1.96 beat expectations, being 9.0% higher than what the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
上周,国际商业机器公司(IBM)公布了其季度财报,我们想看看公司的业务表现以及行业预测师对其的看法。国际商业机器报告了160亿美元的营业收入,与分析师的预测基本一致,尽管每股收益(EPS)为1.96美元,超出了预期,比分析师预期高出9.0%。以此为基础,我们收集了最新的法定预测,以了解分析师对明年的预期。
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Taking into account the latest results, International Business Machines' 20 analysts currently expect revenues in 2024 to be US$63.2b, approximately in line with the last 12 months. Statutory per share are forecast to be US$9.05, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$63.1b and earnings per share (EPS) of US$8.66 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
考虑到最新的结果,国际商业机器公司的20名分析师预计,2024年的收入将达到632亿美元,与过去12个月的收入大致相同。每股收益将预计为9.05美元,与过去12个月大致相同。然而,在最新的收益之前,分析师预计2024年的收入为631亿美元,每股收益(EPS)为8.66美元。分析师对该业务的看法似乎变得更加看好,根据他们的新EPS估计判断。
The consensus price target was unchanged at US$186, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values International Business Machines at US$222 per share, while the most bearish prices it at US$130. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
共识价格目标保持不变,为每股186美元,这意味着业绩改善预期不会对股东的价值创造产生长期影响。此外,评估分析师估计范围的差异可能也是有益的,以评估离群的意见与平均值有多大的差异。目前,最看好的分析师将国际商业机器估值为每股222美元,而最看淡的股票定价为每股130美元。这表明预测仍然存在一定差异,但分析师似乎对此股票的分歧并不完全,尽管可能是一个成功或失败的情况。
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the International Business Machines' past performance and to peers in the same industry. One thing stands out from these estimates, which is that International Business Machines is forecast to grow faster in the future than it has in the past, with revenues expected to display 2.7% annualised growth until the end of 2024. If achieved, this would be a much better result than the 3.7% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 8.7% per year. Although International Business Machines' revenues are expected to improve, it seems that the analysts are still bearish on the business, forecasting it to grow slower than the broader industry.
这些预测很有趣,但是当比较国际商业机器公司的过去表现和同一行业的同行时,使用更广泛的方法进行比较是有用的。从这些估计中突出显示的一件事是,国际商业机器有望在未来增长更快,预计营收将在2024年底之前显示2.7%的年化增长。如果实现这一结果,将比过去五年的每年下降3.7%有更好的结果。相比之下,我们的数据表明,在类似行业的其他受分析师评估的公司中,预计其营收每年增长8.7%。尽管预计国际商业机器的收入将有所提高,但分析师似乎仍然对该业务持悲观态度,并预计其增长速度会低于整个行业。
The Bottom Line
最重要的事情是分析师增加了它对下一年每股亏损的估计。令人欣慰的是,营收预测未发生重大变化,业务仍有望比整个行业增长更快。共识价格目标稳定在28.50美元,最新估计不足以对价格目标产生影响。
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards International Business Machines following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$186, with the latest estimates not enough to have an impact on their price targets.
最重要的是,分析师提高了每股收益的预期,这表明在这些结果之后,人们对国际商业机器信心增强了。好的方面是,营收预测没有发生重大变化,尽管预测表明其表现不如更广泛的行业。共识价格目标保持稳定在每股186美元,最新估计不足以对其价格目标产生影响。
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple International Business Machines analysts - going out to 2026, and you can see them free on our platform here.
请谨记,对于投资者而言,考虑到业务的长期轨迹仍更为重要。多个国际商业机器分析师的预测将一直持续到2026年,您可以在我们的平台上免费查看这些预测。
You should always think about risks though. Case in point, we've spotted 1 warning sign for International Business Machines you should be aware of.
您应该始终考虑风险。例如,我们发现了国际商业机器的一个警告信号,您应该知道。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。