Technology
What to Expect When Hewlett Packard Enterprise Reports After the Close
Published:
Last Updated:
Hewlett Packard Enterprise Co. (NYSE: HPE) is scheduled to release its most recent quarterly results after the markets close on Tuesday. The consensus estimates from Thomson Reuters call for $0.37 in earnings per share (EPS) and $7.68 billion in revenue. The fiscal third quarter of last year reportedly had $0.30 in EPS and $8.21 billion in revenue.
In its most recent quarter, the company issued guidance calling for EPS in the range of $0.35 to $0.39.
Also in the fiscal second quarter, the company reported its segment results as follows:
- Hybrid IT revenue was $6.0 billion, up 7% year over year and up 4% when adjusted for currency, with a 10.3% operating margin. Compute revenue was up 6%, up 2% when adjusted for currency, Storage revenue was up 24%, up 22% when adjusted for currency, DC Networking revenue was up 2%, down 1% when adjusted for currency, and Pointnext revenue was up 1%, down 1% when adjusted for currency.
- Intelligent Edge revenue was $710 million, up 17% year over year and up 14% when adjusted for currency, with a 6.5% operating margin. HPE Aruba Product revenue was up 18%, up 14% when adjusted for currency, HPE Aruba Services revenue was up 10%, up 11% when adjusted for currency.
- Financial Services revenue was $916 million, up 5% year over year and up 1% when adjusted for currency, net portfolio assets were up 3%, and financing volume was flat year over year. The business delivered an operating margin of 7.9%.
Overall, HPE has more or less performed in line with the broad markets, with its stock up about 18% in the past 52 weeks. In just 2018 alone, the stock is up about 14.5%.
A few analysts weighed in on HPE ahead of the report:
Shares of HPE were last seen up about 1.5% at $16.71, with a consensus analyst price target of $19.33 and a 52-week trading range of $12.82 to $19.48.
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.