IBM Joins Evercore Tactical Outperform List with $15.6B Revenue, $1.81 EPS Forecast
Evercore ISI has added IBM to its tactical outperform list ahead of its April 22 Q1 earnings, projecting revenue of $15.6 billion and EPS of $1.81 versus consensus. The firm forecasts full-year constant-currency growth above 5% and software segment growth exceeding 10% following the Confluent acquisition close.
1. Evercore Adds IBM to Tactical Outperform List
Evercore ISI analyst Amit Daryanani added IBM to the firm's tactical outperform list ahead of its April 22 Q1 earnings, highlighting a beat-and-raise setup. The move reflects confidence in IBM’s near-term revenue and earnings performance.
2. Q1 Revenue and EPS Projections
Daryanani expects IBM to report Q1 revenue of $15.6 billion and EPS of $1.81, modestly above consensus estimates. The projected 21% sequential revenue decline is steeper than the historical mid-teens drop typical for IBM's first quarter.
3. Impact of Confluent Acquisition on Growth Outlook
The earlier-than-expected close of IBM’s Confluent acquisition is expected to boost software growth and prompt an upward revision to the company’s 2026 constant-currency revenue outlook. Evercore forecasts full-year constant-currency growth above 5% and software segment growth exceeding 10%.