{"id":33601,"date":"2023-07-10T07:57:31","date_gmt":"2023-07-10T11:57:31","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/how-will-ibm-stock-trend-post-q2-earnings\/"},"modified":"2023-07-10T07:57:33","modified_gmt":"2023-07-10T11:57:33","slug":"how-will-ibm-stock-trend-post-q2-earnings","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=33601","title":{"rendered":"How Will IBM Stock Trend Post Q2 Earnings?"},"content":{"rendered":"
\n

Computing behemoth IBM
\n IBM
\n <\/fbs-ticker> is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for the quarter, marginally ahead of the consensus estimate of about $15.56 billion and roughly flat versus last year. We estimate that earnings will stand at close to $2.05 per share, compared to a consensus of $2.00 per share. So, what are some of the trends that are likely to drive IBM\u2019s earnings?<\/p>\n

We expect IBM\u2019s core software operations to be one of the key drivers of growth for the second quarter. While software-related sales rose just about 3% in Q1, partly due to currency-related headwinds and a slower uptake for automation, security, and AI-related tools, the company benefited from higher sales of Red Hat
\n RHT
\n <\/fbs-ticker> products. Red Hat, which was acquired in 2019 has been a key growth driver for IBM, given its large portfolio of open-source technology, its hybrid cloud platform, and its large developer community. IBM has guided for mid-single-digit growth for the software business this year and we could see growth pick up a bit over Q2. IBM\u2019s consulting business could benefit from higher demand for application-related consulting. It\u2019s possible that the AI side of the consulting business could also begin to see a bump as companies look to increasingly deploy generative AI tools.<\/p>\n

We think IBM stock is likely to see some modest gains following its Q2 results. At the current market price of about $134 per share, IBM stock trades at roughly 14x consensus 2023 earnings. We believe that this is a reasonable valuation, given that IBM is focusing on core areas such as cloud computing, AI, and automation after divesting its legacy business. IBM is also making mid-size acquisitions to bolster its portfolio of higher-margin software products. The company recently acquired Apptio, a cloud software company that helps businesses to manage and optimize their IT spending. We value IBM stock at $142 per share, roughly 6% ahead of the current market price. See our analysis <\/strong>IBM Valuation<\/strong>: Expensive or Cheap<\/strong> for more details on what\u2019s driving our price estimate for IBM. Also, check out the analysis of IBM Revenue<\/strong> for more details on how IBM revenues are trending.<\/p>\n

What if you\u2019re looking for a more balanced portfolio instead? Here\u2019s a high-quality portfolio<\/strong> that\u2019s beaten the market consistently since 2016.<\/p>\n

<\/fbs-ad><\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Computing behemoth IBM IBM is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for the quarter, marginally ahead of the consensus estimate of about $15.56 billion and roughly flat versus last year. We estimate that earnings will stand at close to […]<\/p>\n","protected":false},"author":1,"featured_media":33602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-33601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nHow Will IBM Stock Trend Post Q2 Earnings? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Computing behemoth IBM IBM is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=33601\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Will IBM Stock Trend Post Q2 Earnings? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Computing behemoth IBM IBM is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=33601\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-10T11:57:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-10T11:57:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1688990252_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=33601#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=33601\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"How Will IBM Stock Trend Post Q2 Earnings?\",\"datePublished\":\"2023-07-10T11:57:31+00:00\",\"dateModified\":\"2023-07-10T11:57:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=33601\"},\"wordCount\":414,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=33601#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=33601\",\"url\":\"https:\/\/ifintechworld.com\/?p=33601\",\"name\":\"How Will IBM Stock Trend Post Q2 Earnings? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-10T11:57:31+00:00\",\"dateModified\":\"2023-07-10T11:57:33+00:00\",\"description\":\"Computing behemoth IBM IBM is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=33601#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=33601\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=33601#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Will IBM Stock Trend Post Q2 Earnings?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Will IBM Stock Trend Post Q2 Earnings? | iFintechWorld","description":"Computing behemoth IBM IBM is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=33601","og_locale":"en_US","og_type":"article","og_title":"How Will IBM Stock Trend Post Q2 Earnings? | iFintechWorld","og_description":"Computing behemoth IBM IBM is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for","og_url":"https:\/\/ifintechworld.com\/?p=33601","og_site_name":"iFintechWorld","article_published_time":"2023-07-10T11:57:31+00:00","article_modified_time":"2023-07-10T11:57:33+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1688990252_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=33601#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=33601"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"How Will IBM Stock Trend Post Q2 Earnings?","datePublished":"2023-07-10T11:57:31+00:00","dateModified":"2023-07-10T11:57:33+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=33601"},"wordCount":414,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=33601#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=33601","url":"https:\/\/ifintechworld.com\/?p=33601","name":"How Will IBM Stock Trend Post Q2 Earnings? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-10T11:57:31+00:00","dateModified":"2023-07-10T11:57:33+00:00","description":"Computing behemoth IBM IBM is slated to report its Q2 2023 results on July 19th. We estimate that IBM\u2019s revenue will come in at about $15.57 billion for","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=33601#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=33601"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=33601#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"How Will IBM Stock Trend Post Q2 Earnings?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/33601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33601"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/33601\/revisions"}],"predecessor-version":[{"id":33603,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/33601\/revisions\/33603"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/33602"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}