We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HP (HPQ - Free Report) closed at $37.82 in the latest trading session, marking a +0.29% move from the prior day. The stock outpaced the S&P 500's daily loss of 2.32%. Meanwhile, the Dow experienced a drop of 1.25%, and the technology-dominated Nasdaq saw a decrease of 3.64%.
Shares of the personal computer and printer maker witnessed a gain of 3.97% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.49% and the S&P 500's gain of 1.79%.
Analysts and investors alike will be keeping a close eye on the performance of HP in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.86, marking stability compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $13.31 billion, indicating a 0.85% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.45 per share and a revenue of $53.59 billion, demonstrating changes of +5.18% and -0.31%, respectively, from the preceding year.
Any recent changes to analyst estimates for HP should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. HP is currently a Zacks Rank #2 (Buy).
Looking at its valuation, HP is holding a Forward P/E ratio of 10.94. This represents no noticeable deviation compared to its industry's average Forward P/E of 10.94.
It is also worth noting that HPQ currently has a PEG ratio of 2.4. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Mini computers industry stood at 2.4 at the close of the market yesterday.
The Computer - Mini computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why the Market Dipped But HP (HPQ) Gained Today
HP (HPQ - Free Report) closed at $37.82 in the latest trading session, marking a +0.29% move from the prior day. The stock outpaced the S&P 500's daily loss of 2.32%. Meanwhile, the Dow experienced a drop of 1.25%, and the technology-dominated Nasdaq saw a decrease of 3.64%.
Shares of the personal computer and printer maker witnessed a gain of 3.97% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.49% and the S&P 500's gain of 1.79%.
Analysts and investors alike will be keeping a close eye on the performance of HP in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.86, marking stability compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $13.31 billion, indicating a 0.85% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.45 per share and a revenue of $53.59 billion, demonstrating changes of +5.18% and -0.31%, respectively, from the preceding year.
Any recent changes to analyst estimates for HP should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. HP is currently a Zacks Rank #2 (Buy).
Looking at its valuation, HP is holding a Forward P/E ratio of 10.94. This represents no noticeable deviation compared to its industry's average Forward P/E of 10.94.
It is also worth noting that HPQ currently has a PEG ratio of 2.4. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Computer - Mini computers industry stood at 2.4 at the close of the market yesterday.
The Computer - Mini computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.