Heading into last night’s Q1 2019 earnings report, IBM was the 2nd best performing stock in the Dow Jones Industrial Average on the year. That looks to change this morning with the stock trading down 3.5% ahead of the open on a Q1 revenue miss. The first quarter has been a challenging one for IBM’s stock for a decade now!
Using our Earnings Explorer, below is a snapshot of IBM’s prior 9 first quarter earnings reports dating back to 2010. In our earnings database, we include how the stock price reacted to the report because that essentially tells investors how good or bad an earnings report really was. As shown in the far right column of the table, IBM has traded lower on its last nine Q1 earnings reaction days (the first trading day following its report). With the stock set to open down 3.5% this morning, there’s a strong possibility this Q1 losing streak for IBM will extend to ten years in a row! Start a two-week free trial to Bespoke Institutional to unlock the full Bespoke interactive research portal.