IBM is slated to release Q1 results tonight after the bell with a conference call scheduled to begin at 5 p.m. ET.
The Capital IQ Consensus Estimate for IBM's Q1 EPS stands at $1.80 (vs $2.25 a year ago) on revenue declines of 3.1% to $17.62 bln
The thing to watch for this quarter will be how the biz was and is impacted by the COVID-19 pandemic
IBM has a 5% dividend yield and that’s worth mentioning. Currently, IBM pays out a $1.62 per share quarterly dividend. The last payment date was March 10. Should biz continue to be impacted this will surely be in jeopardy.
TECHS:
IBM steps into the Q1 report with a $108 bln market capitalization and trades at about 11.5x forward earnings estimates.
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