Hewlett Packard's Earnings: A Preview
Hewlett Packard (NYSE: HPE) will be releasing its next round of earnings this Tuesday, August 25. For all of the relevant information, here is your guide for Tuesday's Q3 earnings announcement.
Earnings and Revenue
Sell-side analysts expect Hewlett Packard's EPS to be near $0.23 on sales of $6.07 billion. In the same quarter last year, Hewlett Packard reported earnings per share of $0.45 on revenue of $7.22 billion. The Wall Street consensus estimate for earnings per share would represent a 48.89% decrease for the company. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
EPS Estimate | 0.30 | 0.44 | 0.46 | 0.40 |
EPS Actual | 0.22 | 0.44 | 0.49 | 0.45 |
Revenue Estimate | 6.32 B | 7.23 B | 7.40 B | 7.29 B |
Revenue Actual | 6.01 B | 6.95 B | 7.21 B | 7.22 B |
Stock Performance
Over the last 52-week period, shares are down 26.22%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.
Don't 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: https://78449.choruscall.com/dataconf/productusers/hpe/mediaframe/40108/indexr.html
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