Saturday, September 23, 2023
HomeearningsHerb Greenberg: IBM simply disclosed too much

Herb Greenberg: IBM simply disclosed too much

I've never been a fan of companies giving guidance, let alone five-year earnings per share targets.

Yet that's been part of the IBM story for at least five years, as the company has dangled a five-year "roadmap" with a $20 operating earnings per share target in front of investors' noses.

As I wrote today on, it's not that the company can't get there, it's that once it gives a big number years out, it's under pressure to make that number—no matter what.

(Read more: IBM earningsbeat estimates, revenue comes in light)


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