IBM Stock Outperforms Broader Market as Shares Climb Nearly 8% in a Month
• IBM stock closed 1.37% higher, outpacing the S&P 500's 0.38% gain and the Dow's 1.47% increase • IBM shares rose 7.57% over the past month, less than the Computer and Technology sector's 14.04% gain • Analysts forecast IBM will report $3.73 EPS on $17.06B revenue next quarter, reflecting year-over-year growth • IBM currently has a Zacks Rank of #3 (Hold) and trades at a Forward P/E of 16.55, above its industry average • The Computer - Integrated Systems industry ranks in the top 34% out of over 250 industries tracked by Zacks