IBM: Not Enough Credit [Seeking Alpha]
International Business Machines Corporation (IBM)
Last international business machines corporation earnings: 4/20 04:08 pm
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Source: Seeking Alpha
Summary The management team doesn't get enough credit for the turnaround in the business. The 4.4% dividend yield continues to provide downside protection. Strategic Imperatives will provide a catalyst to the stock as the group tops 50% of revenues. My 2020 EPS estimate approaches $16, based on limited income growth from the revenue shift. The market long harped on the lack of revenue growth from International Business Machines ( IBM ) and the stock still trades in the $140s following a third straight quarter of growth. The company is starting to boost EPS numbers and the IBM CEO doesn't get enough credit for this turnaround. Image Source: IBM Q2'18 charts Slow Shift Above 50% One of the issues with the Q1 report was that IBM reported flat revenues on a constant currency basis. The actual 5% growth rate was due entirely to currency tailwinds. The Q2 results were indeed more impressive due to reported revenue growth of 4%, but the key number bein
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IBM
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