On Thursday, August 27, HP HPQ will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Based on management's projections, HP analysts model for earnings of $0.43 per share on sales of $13.31 billion. In the same quarter last year, HP reported earnings per share of $0.58 on revenue of $14.60 billion. The Wall Street consensus estimate for earnings per share would represent a 25.86% decrease for the company. Revenue would be down 3.58% on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.45 | 0.54 | 0.58 | 0.55 |
| EPS Actual | 0.51 | 0.65 | 0.60 | 0.58 |
| Revenue Estimate | 12.85 B | 14.63 B | 15.27 B | 14.62 B |
| Revenue Actual | 12.47 B | 14.62 B | 15.41 B | 14.60 B |
Stock Performance
Over the last 52-week period, shares are up 1.99%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. HP is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://78449.choruscall.com/dataconf/productusers/hpq/mediaframe/39900/indexr.html
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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