HP Inc (HPQ - Free Report) has slipped to a Zacks Rank #5 (Strong Sell) with earnings just a few weeks away. This is not a good signal for investors that want to trade around earnings and it could extend the stock’s losing streak to 3 – as in the number of times the stock has traded lower in the session following the report.
HP Inc is part of the old Hewlett-Packard and is still a widely held stock.
Earnings History
The earnings history is pretty good of late, with a couple of beats of the Zacks Consensus Estimate and a few meets. On the top line I see only one miss in the last five quarters, so that too is a good thing to see.
Estimates
Here is where we separate the pretenders from the contenders. Estimates for HP Inc have fallen of late, moving from $1.62 in August down to $1.60 at the current level. That doesn’t seem like enough to merit a Zacks Rank #5 (Strong Sell) but then I looked at the next fiscal year.
The fiscal 2018 estimate has slipped from $1.68 to $1.65, and again this is another small move.
Going Forward
This stock is a probably the “softest” Zacks Rank #5 (Strong Sell) that I have ever seen. That said, a move to a #5 before earnings is not a good signal.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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HP Inc (HPQ - Free Report) has slipped to a Zacks Rank #5 (Strong Sell) with earnings just a few weeks away. This is not a good signal for investors that want to trade around earnings and it could extend the stock’s losing streak to 3 – as in the number of times the stock has traded lower in the session following the report.
HP Inc is part of the old Hewlett-Packard and is still a widely held stock.
Earnings History
The earnings history is pretty good of late, with a couple of beats of the Zacks Consensus Estimate and a few meets. On the top line I see only one miss in the last five quarters, so that too is a good thing to see.
Estimates
Here is where we separate the pretenders from the contenders. Estimates for HP Inc have fallen of late, moving from $1.62 in August down to $1.60 at the current level. That doesn’t seem like enough to merit a Zacks Rank #5 (Strong Sell) but then I looked at the next fiscal year.
The fiscal 2018 estimate has slipped from $1.68 to $1.65, and again this is another small move.
Going Forward
This stock is a probably the “softest” Zacks Rank #5 (Strong Sell) that I have ever seen. That said, a move to a #5 before earnings is not a good signal.
Long-Term Buys You Won't See in the News
To end on a positive note, you're invited to see the best long-term trades Zacks Research is uncovering today. These moves have double and triple-digit profit potential and are rarely available to the public. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this private information? Click here >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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