Hewlett Packard (NYSE: HPE) announces its next round of earnings this Tuesday, March 3. Here is Benzinga's everything-that-matters guide for the Q1 earnings announcement.
Earnings and Revenue
Analysts predict Hewlett Packard will report earnings of 43 cents per share on revenue of $7.23 billion.
In the same quarter last year, Hewlett Packard posted EPS of 42 cents on sales of $7.55 billion. The Wall Street consensus estimate for earnings would represent a 2.38% increase for the company. Sales would be down 4.28% from the year-ago period. Here's how the Hewlett Packard's reported EPS has stacked up against analyst estimates in the past:
|Quarter||Q4 2019||Q3 2019||Q2 2019||Q1 2019|
Over the last 52-week period, shares are down 21.92%. Given that these returns are generally negative, long-term shareholders are probably down going into this earnings release. Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts generally rate Hewlett Packard stock as Neutral. The strength of this rating has risen over the past three months.
Hewlett Packard is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://investors.hpe.com/news-and-events#investor-events