Looking Ahead of Wall Street: IBM, Netflix, eBay
Uri Gruenbaum | Jan 19, 2015 08:58AM ET
Despite the short week, investors still have a lot to look forward to as IBM (NYSE:IBM), Netflix (NASDAQ:NFLX), and eBay (NASDAQ:EBAY) are all scheduled to announce earnings reports.
IBM:
IBM is set to announce its fourth quarter fiscal 2014 earnings report on Tuesday, January 20th after market close. The company is expected to post earnings of $5.49 per share, down from $6.13 the same quarter last year.
In order to compete in the rise of cloud computing, IBM has recently been undergoing a massive structural reorganization. The company is expected to be divided into several different departments, including Cloud, Watson, and Analytics. The company’s restructuring will focus on software while hardware will be less of a priority.
Despite undergoing major restructuring, IBM was able to maintain its innovative edge over the past year as the company was granted more patents in 2014 than any other company, with over 7,500 patents filed under its name.
On average, the top analyst consensus for IBM on TipRanks is Hold.
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