IBM will next week report fourth-quarter earnings of $1.46 a share, up from $1.12 a year earlier, on sales of $25.496 billion, up from $24.182 billion, according to analysts.
Salomon Smith Barney's Mr John Jones and Mr Craig Ellis said their "top large cap choice (IBM) offers predictable earnings at an attractive valuation".
They expect IBM to report EPS of $1.48 and "have been pounding the table to back up the truck" on IBM shares. They rate the stock 'buy'.
IBM should post sales growth of 11.7 per cent on a constant currency basis, with reported growth, after a $1.31 billion negative currency impact, coming in at 6.3 per cent to $25.7 billion, according to Mr Jones and Mr Ellis' estimates.
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AFP