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On Tuesday, March 02, Hewlett Packard (NYSE:HPE) will release its latest earnings report. Benzinga's outlook for Hewlett Packard is included in the following report.
Net Income, Earnings, And Earnings Per Share
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Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street analysts see Hewlett Packard reporting earnings of $0.41 per share on sales of $6.73 billion. Hewlett Packard EPS in the same period a year ago totaled $0.44. Revenue was $6.95 billion.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The analyst consensus estimate would represent a 6.82% decline in the company's EPS figure. Revenue would be down 3.15% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:
| Quarter | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.34 | 0.23 | 0.30 | 0.44 |
| EPS Actual | 0.37 | 0.32 | 0.22 | 0.44 |
| Revenue Estimate | 6.88 B | 6.06 B | 6.32 B | 7.23 B |
| Revenue Actual | 7.21 B | 6.82 B | 6.01 B | 6.95 B |
Stock Performance
Over the last 52-week period, shares are up 17.83%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Hewlett Packard is scheduled to hold the call at 17:00:00 ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.