For the quarter ended April 2023, Hewlett Packard Enterprise (HPE - Free Report) reported revenue of $6.97 billion, up 3.9% over the same period last year. EPS came in at $0.52, compared to $0.44 in the year-ago quarter.
The reported revenue represents a surprise of -4.26% over the Zacks Consensus Estimate of $7.28 billion. With the consensus EPS estimate being $0.47, the EPS surprise was +10.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HP Enterprise performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Financial Services: $858 million compared to the $846.27 million average estimate based on four analysts. The reported number represents a change of +4.3% year over year.
- Revenue- Corporate Investments and other: $296 million versus $291.24 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.5% change.
- Elimination of intersegment net revenue and other: -$129 million versus -$141.72 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +33% change.
- Revenue- Storage: $1.04 billion versus the four-analyst average estimate of $1.13 billion. The reported number represents a year-over-year change of -5%.
- Revenue- Compute: $2.76 billion versus the four-analyst average estimate of $3.25 billion. The reported number represents a year-over-year change of -7.5%.
- Revenue- High Performance Computing & Artificial Intelligence: $840 million versus the four-analyst average estimate of $812.47 million. The reported number represents a year-over-year change of +18.3%.
- Revenue- Intelligent Edge: $1.30 billion compared to the $1.05 billion average estimate based on four analysts. The reported number represents a change of +50.4% year over year.
- Earnings from Operations- Financial Services: $84 million compared to the $80.49 million average estimate based on three analysts.
- Earnings from Operations- Corporate Investments and other: -$47 million compared to the -$31.74 million average estimate based on three analysts.
- Earnings from Operations- Storage: $82 million compared to the $152.92 million average estimate based on three analysts.
- Earnings from Operations- Compute: $420 million compared to the $416.79 million average estimate based on three analysts.
- Earnings from Operations- High Performance Computing & Artificial Intelligence: -$2 million compared to the $19.59 million average estimate based on three analysts.
View all Key Company Metrics for HP Enterprise here>>>Shares of HP Enterprise have returned +6.2% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended April 2023, Hewlett Packard Enterprise (HPE - Free Report) reported revenue of $6.97 billion, up 3.9% over the same period last year. EPS came in at $0.52, compared to $0.44 in the year-ago quarter.
The reported revenue represents a surprise of -4.26% over the Zacks Consensus Estimate of $7.28 billion. With the consensus EPS estimate being $0.47, the EPS surprise was +10.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HP Enterprise performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Financial Services: $858 million compared to the $846.27 million average estimate based on four analysts. The reported number represents a change of +4.3% year over year.
- Revenue- Corporate Investments and other: $296 million versus $291.24 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.5% change.
- Elimination of intersegment net revenue and other: -$129 million versus -$141.72 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +33% change.
- Revenue- Storage: $1.04 billion versus the four-analyst average estimate of $1.13 billion. The reported number represents a year-over-year change of -5%.
- Revenue- Compute: $2.76 billion versus the four-analyst average estimate of $3.25 billion. The reported number represents a year-over-year change of -7.5%.
- Revenue- High Performance Computing & Artificial Intelligence: $840 million versus the four-analyst average estimate of $812.47 million. The reported number represents a year-over-year change of +18.3%.
- Revenue- Intelligent Edge: $1.30 billion compared to the $1.05 billion average estimate based on four analysts. The reported number represents a change of +50.4% year over year.
- Earnings from Operations- Financial Services: $84 million compared to the $80.49 million average estimate based on three analysts.
- Earnings from Operations- Corporate Investments and other: -$47 million compared to the -$31.74 million average estimate based on three analysts.
- Earnings from Operations- Storage: $82 million compared to the $152.92 million average estimate based on three analysts.
- Earnings from Operations- Compute: $420 million compared to the $416.79 million average estimate based on three analysts.
- Earnings from Operations- High Performance Computing & Artificial Intelligence: -$2 million compared to the $19.59 million average estimate based on three analysts.
View all Key Company Metrics for HP Enterprise here>>>Shares of HP Enterprise have returned +6.2% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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