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.
Ahead of HP (HPQ) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts expect HP (HPQ - Free Report) to post quarterly earnings of $0.86 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $13.39 billion, up 1.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some HP metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Net revenue- Personal Systems' will likely reach $9.18 billion. The estimate indicates a year-over-year change of +2.7%.
Based on the collective assessment of analysts, 'Net revenue- Printing- Supplies' should arrive at $2.68 billion. The estimate indicates a year-over-year change of -3.3%.
The average prediction of analysts places 'Net revenue- Printing- Commercial Printing' at $1.23 billion. The estimate indicates a change of +26.6% from the prior-year quarter.
Analysts expect 'Net revenue- Printing- Consumer Printing' to come in at $301.33 million. The estimate indicates a year-over-year change of -42.2%.
It is projected by analysts that the 'Net revenue- Printing' will reach $4.21 billion. The estimate suggests a change of -1.2% year over year.
The consensus among analysts is that 'Days in accounts payable' will reach 129.00 Days. Compared to the present estimate, the company reported 123 Days in the same quarter last year.
Analysts forecast 'Earnings from operations- Personal Systems' to reach $580.40 million. Compared to the current estimate, the company reported $592 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Earnings from operations- Printing' should come in at $775.81 million. Compared to the current estimate, the company reported $794 million in the same quarter of the previous year.
Over the past month, HP shares have recorded returns of -3.2% versus the Zacks S&P 500 composite's +0.3% change. Based on its Zacks Rank #4 (Sell), HPQ will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Ahead of HP (HPQ) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Wall Street analysts expect HP (HPQ - Free Report) to post quarterly earnings of $0.86 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $13.39 billion, up 1.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some HP metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Net revenue- Personal Systems' will likely reach $9.18 billion. The estimate indicates a year-over-year change of +2.7%.
Based on the collective assessment of analysts, 'Net revenue- Printing- Supplies' should arrive at $2.68 billion. The estimate indicates a year-over-year change of -3.3%.
The average prediction of analysts places 'Net revenue- Printing- Commercial Printing' at $1.23 billion. The estimate indicates a change of +26.6% from the prior-year quarter.
Analysts expect 'Net revenue- Printing- Consumer Printing' to come in at $301.33 million. The estimate indicates a year-over-year change of -42.2%.
It is projected by analysts that the 'Net revenue- Printing' will reach $4.21 billion. The estimate suggests a change of -1.2% year over year.
The consensus among analysts is that 'Days in accounts payable' will reach 129.00 Days. Compared to the present estimate, the company reported 123 Days in the same quarter last year.
Analysts forecast 'Earnings from operations- Personal Systems' to reach $580.40 million. Compared to the current estimate, the company reported $592 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Earnings from operations- Printing' should come in at $775.81 million. Compared to the current estimate, the company reported $794 million in the same quarter of the previous year.
View all Key Company Metrics for HP here>>>
Over the past month, HP shares have recorded returns of -3.2% versus the Zacks S&P 500 composite's +0.3% change. Based on its Zacks Rank #4 (Sell), HPQ will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>