HP Inc reports results for the quarter ended October 31 - Earnings Summary
HP Inc HPQ.N reported quarterly adjusted earnings of 93 cents per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 87 cents to 95 cents per share.
Revenue rose 1.7% to $14.06 billion from a year ago; analysts expected $13.99 billion.
HP Inc's reported EPS for the quarter was 93 cents.
The company reported quarterly net income of $906 million.
HP Inc shares had risen by 9.6% this quarter and gained 30.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 2.6% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell."
The average consensus recommendation for the computer hardware peer group is also "hold"
Wall Street's median 12-month price target for HP Inc is $36.00
This summary was machine generated from LSEG data November 26 at 10:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Oct. 31 2024 | 0.93 | 0.93 | Met |
Jul. 31 2024 | 0.86 | 0.83 | Missed |
Apr. 30 2024 | 0.81 | 0.82 | Beat |
Jan. 31 2024 | 0.81 | 0.81 | Met |
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