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
The Gen AI segment, with a $1 billion backlog, presents significant opportunities in consulting (75%) and software (25%), says the analyst.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.
納斯達克證券分析師瓦姆西·莫漢在IBM公司（紐交所：IBM）第二季度業績發佈前夕提供了盈利預測，發佈時間爲7月24日收市後。
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%.
分析師稱，IBM股票今年迄今上漲了12％，但落後於SPX指數，後者在過去一年中上漲了18％。自F1Q業績電話會議以來，IBM股票上漲了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.
分析師預計軟件（RHT）和諮詢業務在下半年將有所改善，但考慮到宏觀經濟疲軟，存在一定風險。
The Gen AI segment, with a $1 billion backlog, presents significant opportunities in consulting (75%) and software (25%), says the analyst.
該分析師表示，擁有10億美元積壓訂單的Gen AI業務在諮詢業務（75％）和軟件（25％）方面存在重大機遇。
Mohan writes that challenges include a soft macroeconomic environment and profitability heavily weighted towards the fourth quarter, with tough comparisons expected.
莫漢寫道，面臨的挑戰包括宏觀經濟環境疲軟和以第四季度爲重的盈利能力，預計將面臨嚴峻的比較環境。
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.
分析師預測，軟件（RHT）在2024下半年將有強勁的收入增長，預計第三季度和第四季度將實現兩位數的增長，這將受益於強勁的訂購，有利的同比環比和由AVGO/VMW合併引起的潛在市場份額增加。
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.
莫漢預計，由於積壓訂單轉化、併購和Gen AI積壓訂單的影響，FY24下半年的諮詢收入預計將增長3％，按報告數據計算，或者按常態貨幣計算，同比增長低個位數，符合預期。
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.
總體而言，分析師預計IBM將重申其年度指引。該分析師重申對股票的買入評級，目標價爲209美元，原因是該公司正在進行持續的轉型，收入和現金流改善，防禦型投資組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).
據Benzinga Pro稱，IBm股票在過去12個月中上漲了36％以上。投資者可通過Ft Vest Technology Dividend Target Income ETF（BATS：TDVI）和Ft Vest DJIA Dogs 10 Target Income ETF（BATS：DOGG）獲得該股票的收益。
Also Read: Why Goldman Sachs Is Bullish On IBM
另請參閱：高盛爲何看好IBM
Price Action: IBM shares are up 0.25% at $183.29 at the last check Monday.
截至週一最後一次檢查，IBm股票上漲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.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Image via Open Grid Scheduler / Grid Engine
圖片通過Open Grid Scheduler / Grid Engine
