Jump to content

HP earnings preview: what to expect from Q2 report


Recommended Posts

HP, all-sessions on the IG platform, is reporting its fiscal second quarter (Q2) earnings and revenue after tonight's US closing bell.

 

 Jeremy Naylor | Analyst, London | Publication date: Tuesday 30 May 2023 

The Street forecasts earnings of 76 cents per share, which would be a drop of about 29% from the same quarter a year ago. Revenue is expected to decline by 21% year-on-year to just over $13 billion, a performance that reflects the continuing fall in demand for PCs.

Shares of the personal computer and printer maker have lost about 13% of their value over the past 12 months. But so far this year the stock has gained about 15% thanks to two consecutive better-than-expected quarterly reports.

(Video Transcript)

HP earnings

HP is expected to report after the closing bell tonight. The Street forecasts earnings of $0.76 per share, which will be a drop of around 29% from the same quarter this time last year. Revenue is expected to drop by 21% year-on-year to just over $13 billion, a performance that reflects a continuing fall in PC demand.

Now Hewlett Packard is all-sessions on the IG platform. The personal computer and printer maker's shares have lost about 13% of their value of the last 12 months so far this year.

Share price chart

If we have a look at the chart here for Hewlett Packard, you can see as of Friday's all-sessions close it beat the previous high, 3116 closing at 3136, the highest close that we've seen there in this market since the 29th of August last year. It's 15% up so far this year, thanks to two consecutive better than expected quarterly reports.

Now, its spinoff company, HPE, which is Hewlett Packard Enterprise. It's not all-sessions on the platform, and a very different fate over the past 12 months, broadly unchanged over the period. The stock has lost around 7% in the last five months, despite beating estimates and raising forecasts three months ago.

HPE also releasing its quarterly earnings tonight after the bell. Analysts anticipate a 9% rise in its earnings per share, $0.49. We've got a chart showing you what's expected. Revenue is also expected to rise by 7% to $7.31 billion. That stock is not all-sessions on the platform. You can trade all-sessions on Hewlett Packard after the bell on its figures.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Demo account: Please note that conditions on demo accounts may differ from real accounts. Some brokers may only provide overnight loans on real accounts and not on demo accounts.
    • Swap Rate: Check the swap rates for your open positions. Overnight loans are calculated based on the difference between the interest rates of a currency pair, and if the difference is small or negative, you will not receive a loan.
    • Civic (CVC) emerges as a game-changer in the realm of identity verification, offering a secure and decentralized solution for payment verification between "Identity Verifiers" and "Identity Requesters" within the Civic ecosystem. With its innovative approach and recent developments, Civic is making waves in the cryptocurrency market Payment Verification: Civic's primary use case lies in facilitating payment verification between parties within the Civic ecosystem. By leveraging blockchain technology, Civic provides a secure and transparent method for verifying identities and ensuring trust in transactions.  Integration with Solana Token Extensions: Civic's recent announcement on X revealed that Civic Pass is now integrated with Solana Token Extensions, further enhancing its utility and interoperability within the blockchain ecosystem. This integration opens up new possibilities for Civic's application and adoption.  Civic (CVC) is now listed on Bitget  and other CEX providing users with convenient access to trade and engage with the token. This listing further enhances Civic's visibility and liquidity, attracting new users and investors to the ecosystem. 
×
×
  • Create New...
us