2 Tech Stocks in High Demand Before Earnings

International Business Machines Corp. (NYSE:IBM) will unveil its latest earnings on Monday, October 17, 2011. The average estimate of analysts is for profit of $3.22 per share, a rise of 14.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $3.18. Between one and three months ago, the average estimate moved up. It has been unchanged at $3.22 during the last month. Analysts are projecting profit to rise by 15.5% versus last year to $13.31.

Last quarter, the company beat estimates by 8 cents, coming in at net income of $3.09 a share versus the estimate of profit of $3.01 a share. It marked the fourth straight quarter of beating estimates. On average, analysts predict $26.27 billion in revenue this quarter, a rise of 8.2% from the year ago quarter. Analysts are forecasting total revenue of $107.69 billion for the year, a rise of 7.8% from last year’s revenue of $99.87 billion.

Competitors to Watch: Oracle Corporation (NASDAQ:ORCL), Hewlett-Packard Company (NYSE:HPQ), Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), Intel Corporation (NASDAQ:INTC), Dell Inc. (NASDAQ:DELL), Apple Inc. (NASDAQ:AAPL), EMC Corporation (NYSE:EMC), SAP AG (NYSE:SAP), and Sybase, Inc. (SY).

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Baidu.com, Inc. (NASDAQ:BIDU) will unveil its latest earnings on Monday, October 17, 2011. The average estimate of analysts is for net income of 84 cents per share, a rise of 86.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 75 cents. Between one and three months ago, the average estimate moved up. It has risen from 83 cents during the last month. Analysts are projecting profit to rise by 88.9% versus last year to $2.89.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 6 cents, reporting profit of 72 cents per share against a mean estimate of net income of 66 cents per share. On average, analysts predict $618.9 million in revenue this quarter, a rise of 83.5% from the year ago quarter. Analysts are forecasting total revenue of $2.16 billion for the year, a rise of 80% from last year’s revenue of $1.2 billion.

Competitors to Watch: Google Inc. (NASDAQ:GOOG), Sohu.com Inc. (NASDAQ:SOHU), SINA Corporation (NASDAQ:SINA), Yahoo! Inc. (NASDAQ:YHOO), NetEase.com, Inc. (NASDAQ:NTES), InfoSpace, Inc. (NASDAQ:INSP), Microsoft Corporation (NASDAQ:MSFT), Youku.com Inc (NYSE:YOKU), and AOL, Inc. (NYSE:AOL).

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