What to Expect From HP Earnings After the Close
HP is scheduled to release its most recent quarterly results after the markets close on Thursday.
HP Inc. (NYSE: HPQ) is scheduled to release its most recent quarterly results after the markets close on Thursday. The consensus estimates from Thomson Reuters are $0.51 in earnings per share (EPS) and $14.27 billion in revenue. In the same period of last year, HP said it had EPS of $0.43 on $13.06 billion in revenue.
In its prior report, the company guided EPS for this quarter in a range of $0.49 to $0.52.
During the latest quarter, Steve Fieler took over as the chief financial officer, effect July 1. He succeeded Cathie Lesjak, who assumed the role of interim chief operating officer.
Dion Weisler, president and CEO of HP, commented in the previous report:
We delivered another quarter of double digit year over year revenue and profit growth, strong EPS and impressive free cash flow and performed well across segments and regions. Our sharp focus on innovation, combined with operational excellence and driving profitable growth is paying off.
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Overall, HP has outperformed the broad markets, with the stock up about 29% in the past 52 weeks. In just 2018 alone, the stock is up over 16%.
A few analysts weighed in on HP ahead of the report:
- JPMorgan has a Buy rating with a $28 price target.
- Susquehanna has a Hold rating with a $22 price target.
- BMO Capital Markets has a Market Perform rating with a $22 target.
- Morgan Stanley has an Equal Weight rating and a $28 target.
- Maxim Group has a Buy rating with a $28 price target.
Shares of HP were last seen at $24.58, with a consensus analyst price target of $26.00 and a 52-week trading range of $18.83 to $24.80.
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Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics. Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications. A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.
