HP Inc (NYSE: HPQ)’s management recently revised its third quarter EPS guidance upwards, committing to reinvest the profit from the sale of its marketing optimization asset into its print business. The idea is to spend roughly $245 million in the third quarter and an extra $40 million in the fourth quarter.
The revised outlook calls for non-GAAP EPS of $0.43 to $0.46, up from the prior guide of $0.37 to $0.40. For the full year, management envisions EPS of $1.59 to $1.65, compared to Credit Suisse’s estimate of $1.59.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Related Link: Who's Perturbed HP Raised Q3 Guidance, But Didn't Adjust The Full-Year Guidance? Bernstein Is
Following these news, Credit Suisse on Wednesday decided to reiterate an Outperform rating and $19 price target on shares of HP Inc, arguing that, trading at roughly 8 times the company’s earnings, the stock carries a large discount in relation to its peers. On top of the valuation upside mentioned above – to $19.00, the experts see “upside to the current capital return plan, and believe the plan can be revised higher over time and see the current dividend yield of ~4% as attractive.”