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Goldman Profit Tumbles on Real Estate Hits, Deals Slump
Bloomberg Businessweek
IBM's Future Outlook for Big Blue
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IBM trades in the low 40s times upcoming fiscal year 2023 earnings per share estimate about $11.28. If we look at expected growth for 2023, it's only about 13 to 15%. Next year, they're expected to grow about 28%. So right now the multiple seems a little bit rich when we look at future expectations for profit growth. But it seems very cheap compared to the five year average in terms of PE ratio that they do staff.
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