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Here's What Key Metrics Tell Us About HP (HPQ) Q3 Earnings
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HP (HPQ - Free Report) reported $13.52 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 2.5%. EPS of $0.83 for the same period compares to $0.86 a year ago.
The reported revenue represents a surprise of +1.29% over the Zacks Consensus Estimate of $13.35 billion. With the consensus EPS estimate being $0.86, the EPS surprise was -3.49%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how HP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Days in accounts payable
: 131 Days versus 129 Days estimated by two analysts on average.
Days of sales outstanding in accounts receivable
: 31 Days versus 29.04 Days estimated by two analysts on average.
Days of supply in inventory
: 67 Days versus 64.28 Days estimated by two analysts on average.
Net revenue- Personal Systems- Commercial PS
: $6.68 billion compared to the $6.59 billion average estimate based on two analysts.
Net revenue- Personal Systems- Consumer PS
: $2.69 billion versus the two-analyst average estimate of $2.55 billion.
Net revenue- Personal Systems
: $9.37 billion compared to the $9.14 billion average estimate based on two analysts. The reported number represents a change of +4.9% year over year.
Net revenue- Printing- Supplies
: $2.70 billion versus the two-analyst average estimate of $2.68 billion. The reported number represents a year-over-year change of -2.4%.
Net revenue- Printing- Commercial Printing
: $1.15 billion versus the two-analyst average estimate of $1.23 billion. The reported number represents a year-over-year change of +17.8%.
Net revenue- Printing- Consumer Printing
: $293 million versus the two-analyst average estimate of $290.80 million. The reported number represents a year-over-year change of -43.8%.
Net revenue- Printing
: $4.14 billion compared to the $4.21 billion average estimate based on two analysts. The reported number represents a change of -2.8% year over year.
Earnings from operations- Personal Systems
: $599 million versus $580.32 million estimated by two analysts on average.
Earnings from operations- Corporate Investments
: -$28 million compared to the -$126.06 million average estimate based on two analysts.
Shares of HP have returned -3.7% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About HP (HPQ) Q3 Earnings
HP (HPQ - Free Report) reported $13.52 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 2.5%. EPS of $0.83 for the same period compares to $0.86 a year ago.
The reported revenue represents a surprise of +1.29% over the Zacks Consensus Estimate of $13.35 billion. With the consensus EPS estimate being $0.86, the EPS surprise was -3.49%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how HP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for HP here>>>Days in accounts payable
: 131 Days versus 129 Days estimated by two analysts on average.Days of sales outstanding in accounts receivable
: 31 Days versus 29.04 Days estimated by two analysts on average.Days of supply in inventory
: 67 Days versus 64.28 Days estimated by two analysts on average.Net revenue- Personal Systems- Commercial PS
: $6.68 billion compared to the $6.59 billion average estimate based on two analysts.Net revenue- Personal Systems- Consumer PS
: $2.69 billion versus the two-analyst average estimate of $2.55 billion.Net revenue- Personal Systems
: $9.37 billion compared to the $9.14 billion average estimate based on two analysts. The reported number represents a change of +4.9% year over year.Net revenue- Printing- Supplies
: $2.70 billion versus the two-analyst average estimate of $2.68 billion. The reported number represents a year-over-year change of -2.4%.Net revenue- Printing- Commercial Printing
: $1.15 billion versus the two-analyst average estimate of $1.23 billion. The reported number represents a year-over-year change of +17.8%.Net revenue- Printing- Consumer Printing
: $293 million versus the two-analyst average estimate of $290.80 million. The reported number represents a year-over-year change of -43.8%.Net revenue- Printing
: $4.14 billion compared to the $4.21 billion average estimate based on two analysts. The reported number represents a change of -2.8% year over year.Earnings from operations- Personal Systems
: $599 million versus $580.32 million estimated by two analysts on average.Earnings from operations- Corporate Investments
: -$28 million compared to the -$126.06 million average estimate based on two analysts.Shares of HP have returned -3.7% over the past month versus the Zacks S&P 500 composite's +2.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.