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3 Earnings Reports to Watch Next Week

Next week's earnings reports will keep you glued to your screens

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Earnings Reports: International Business Machines (IBM)

Earnings Date: July 18
Earnings Growth: 

Since reaching a peak in March, International Business Machines Corp. (NYSE:IBM) has fallen off dramatically. Shares briefly topped $180, but slid all the way down to the low $150s, which is where they currently stay. Zoom out even further, and IBM stock was sitting north of $200 per share back in 2013.

Revenue for IBM has been sliding since 2012, and that trend is expected to continue for the current quarter and year. For the most recent three-month period, to be reported on July 18, a sales decline of nearly 4% is supposed to lead to earnings decline of 7%. For the full year, meanwhile, a sales decline around 2% will keep earnings flat.

IBM has been working to divest and reorganize its legacy business, transitioning — like most tech companies — to the cloud. And the slight silver lining is that the downtrend in shares does leave the dividend yield just shy of 4%.

But more talk about strategic initiatives isn’t likely going to add much fuel to the fire next week. The turnaround for IBM is merely going to take time.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/07/3-earnings-reports-to-watch-next-week-nflx-ibm-jnj/.

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