BUZZ-PREVIEW: IBM shares edge up; Q4 rev seen rising, EPS expected to fall

** Shares in International Business Machines IBM.N up 0.2% on Wednesday ahead of quarterly report due after market close

** Wall Street analysts see IBM reporting Q4 adj EPS of $3.75 vs $3.87 in year-ago quarter on rev of $17.54 bln vs $17.38 bln year-ago, according to data gathered by LSEG

** In last 8 quarters IBM met or beat Street's EPS view every time while rev met or beat estimates just 4 times

** In October, IBM had missed Q3 analysts' estimates for revenue on declines in the infrastructure business and weakness in its consulting segment as businesses cut back on expenses

** IBM last traded at $226.04 vs median PT of $228.22, according to LSEG, which shows 20 analyst ratings: 3 'strong buy,' 5 'buy,; 9 'hold' and 3 sell recommendations

** YTD shares up 2.9% after 4 consecutive years of gains including a 34.4% advance in 2024. In comparison the Dow .DJI is up 5.3% YTD after rising 12.9% in 2024

** IBM options imply a 7.1% swing for the shares, in either direction, by Friday, well above the stock's 8-qtr post earnings 1-day avg move of 5.0%, according to Trade Alert