![]() Earnings per share (EPS) missed analyst estimates by 47. Hewlett Packard Enterprise currently has a Zacks Rank of #4 (Sell). Hewlett Packard Enterprise Revenues Beat Expectations, EPS Falls Short Revenue exceeded analyst estimates by 1.6. Over the past month, the Zacks Consensus EPS estimate has moved 0.67% higher. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. HP's stock has risen 46 percent in the past year, but with a valuation of 8.7 times projected earnings over the next four quarters, it still trades at a 44 percent discount to the market. Our research shows that these estimate changes are directly correlated with near-term stock prices. Shares of Hewlett-Packard Co are poised to rise by 20 percent over the next year, helped by an expected pickup in information-technology spending, according to an article in the April 7 edition of Barron's. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. These revisions help to show the ever-changing nature of near-term business trends. Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. These totals would mark changes of +3.06% and +1.59%, respectively, from last year.Īny recent changes to analyst estimates for Hewlett Packard Enterprise should also be noted by investors. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $28.23 billion. Meanwhile, our latest consensus estimate is calling for revenue of $6.97 billion, up 1.1% from the prior-year quarter. This would mark year-over-year growth of 2.13%. In that report, analysts expect Hewlett Packard Enterprise to post earnings of $0.48 per share. Hewlett Packard Enterprise will be looking to display strength as it nears its next earnings release. Heading into today, shares of the information technology products and services provider had lost 7.6% over the past month, lagging the Computer and Technology sector's gain of 2.76% and the S&P 500's gain of 1.51% in that time. HOUSTON, February 24, 2023-Hewlett Packard Enterprise (NYSE: HPE) today announced the expansion of its connected edge-to-cloud offering with the acquisition of Athonet, a private cellular network. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.28%. This change outpaced the S&P 500's 0.3% loss on the day. Hewlett Packard Enterprise (HPE) closed the most recent trading day at $13.01, moving +0.08% from the previous trading session. ![]()
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