IBM (IBM) will report Q4 results tonight after the bell with a conference call scheduled to start at 5:00 p.m. ET. Usually, IBM reports within the first 10 minutes after the bell.

  • As it stands, the current Capital IQ Consensus Estimate calls for Q4 EPS of $4.89 (vs. $4.84 in 2015) and revs of $21.7 bln (-2% Y/Y).
    • IBM has reported revenue down year-over-year eighteen quarters in a row.
  • Last quarter, the co reaffirmed FY 16 expectations for adj. EPS of at least $13.50 (Consensus $13.47 on revs of $79.7 bln)
    • Other Guidance:
      • IBM currently has delivered $6.9 bln in free cash flow through 3 quarters
      • Consensus estimates FY17 EPS of $13.79 on revs -1.4% to $78.9 bln
      • Consensus estimates 1Q17 EPS of $2.49 on revs of $18.6 bln
      • Last quarter, Cloud revs were up 44% with annual run rate for cloud as-a-service revenues up to $7.5 bln from $4.5 bln. 

IBM will guide for FY17 in the press release.


BM stock is currently struggling to get over the 50M and the 200W. If this stock can break free it will provide clear skies above as they've recently broken out of a 4 year downtrend. If not, this stock may have trapped a new batch of fresh longs for a downward retest.