IBM: sell or buy after mixed earnings report?

IBM: sell or buy after mixed earnings report?

International Business Machines Corp. released its first quarter earnings report. Let’s see how IBM performs amid the coronavirus.

What do the numbers say?

IBM’s adjusted EPS (earnings per share) dipped by 18.2% to $1.84 compared to $2.25 a year ago. However, it exceeds analysts’ expectations, what is quite good. Unlike EPS, the revenue was lower than it was anticipated. It was $17.57 billion with forecasted $17.62 billion.

What does it mean?

IBM was damaged by the coronavirus like other companies. The main hit was on  cognitive applications and transaction processing businesses, used heavily by retailers and the automotive industry, which can’t work now properly. However, IBM’s CFO reassured that 70% of its customers are minimally influenced by the virus spread.

Buy or sell?

According to MarketWatch, 5 analysts have buy ratings, 12 have hold ratings, and 2 have sell ratings, along with an average price target of $132.28. Due to the reaction after the report the price could go up, but then after some time it may go down.

We could wait until the price gives us a hint. If it breaks up through the resistance line on 117, it might go up further with a greater possibility than go down. And, if it breaks down through the support line on 111 that lays on the 50-day moving average, it might go down.



Gold Soars on Geopolitics
Gold Soars on Geopolitics

Good morning, traders! Here’s the most impactful news of the week and the day. The market will be highly volatile, so you better be ready. 

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera