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Hewlett Packard Enterprise (HPE) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Hewlett Packard Enterprise (HPE - Free Report) closed at $13.63, marking a +0.29% move from the previous day. This change outpaced the S&P 500's 0.01% gain on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 0.45%.
Heading into today, shares of the information technology products and services provider had lost 8.36% over the past month, lagging the Computer and Technology sector's loss of 5.51% and the S&P 500's loss of 7.29% in that time.
Wall Street will be looking for positivity from HPE as it approaches its next earnings report date. This is expected to be February 28, 2019. On that day, HPE is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 2.94%. Our most recent consensus estimate is calling for quarterly revenue of $7.68 billion, up 0.03% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.57 per share and revenue of $31.12 billion, which would represent changes of +0.64% and +0.88%, respectively, from the prior year.
Any recent changes to analyst estimates for HPE should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.77% lower. HPE is currently a Zacks Rank #3 (Hold).
Investors should also note HPE's current valuation metrics, including its Forward P/E ratio of 8.66. This valuation marks a discount compared to its industry's average Forward P/E of 8.67.
It is also worth noting that HPE currently has a PEG ratio of 1.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HPE's industry had an average PEG ratio of 1.69 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Hewlett Packard Enterprise (HPE) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Hewlett Packard Enterprise (HPE - Free Report) closed at $13.63, marking a +0.29% move from the previous day. This change outpaced the S&P 500's 0.01% gain on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 0.45%.
Heading into today, shares of the information technology products and services provider had lost 8.36% over the past month, lagging the Computer and Technology sector's loss of 5.51% and the S&P 500's loss of 7.29% in that time.
Wall Street will be looking for positivity from HPE as it approaches its next earnings report date. This is expected to be February 28, 2019. On that day, HPE is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 2.94%. Our most recent consensus estimate is calling for quarterly revenue of $7.68 billion, up 0.03% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.57 per share and revenue of $31.12 billion, which would represent changes of +0.64% and +0.88%, respectively, from the prior year.
Any recent changes to analyst estimates for HPE should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.77% lower. HPE is currently a Zacks Rank #3 (Hold).
Investors should also note HPE's current valuation metrics, including its Forward P/E ratio of 8.66. This valuation marks a discount compared to its industry's average Forward P/E of 8.67.
It is also worth noting that HPE currently has a PEG ratio of 1.26. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HPE's industry had an average PEG ratio of 1.69 as of yesterday's close.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.