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Hewlett Packard Enterprise (HPE) Stock Slides on Q4 Earnings Results

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Hewlett Packard Enterprise (HPE - Free Report) just released its fourth-quarter earnings results, posting adjusted earnings of $0.61 per share and revenue of $12.48 billion.  

HPE was down 1.40% to $22.55 in after-hours trading shortly after its earnings report was released.

Currently, HPE has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Hewlett Packard Enterprise:                     

Matched earnings estimates. The company posted adjusted earnings of 61 cents per share (excluding 43 cents from non-recurring items), matching our Zacks Consensus Estimate of $0.61.

Missed revenue estimates. The company saw revenue figures of $12.48 billion, missing our estimate of $12.86 billion.

For the current quarter ending in February, the company expects earnings to fall between 42 cents and 46 cents per share. The current Zacks Consensus Estimate for HP Enterprise’s current-quarter is 47 cents per share.

Here’s a graph that looks at Hewlett Packard Enterprise’s recent earnings performance:

HEWLETT PKD ENT Price, Consensus and EPS Surprise

HEWLETT PKD ENT Price, Consensus and EPS Surprise | HEWLETT PKD ENT Quote

Hewlett Packard Enterprise Company was spun-off from the Hewlett-Packard Company in November 2015. The company operates in four segments: Enterprise Services, Enterprise Group, Software and Financial Services. The Enterprise Group is the company's largest revenue contributor, accounting for more than half of total revenues. This segment offers servers, management software, converged infrastructure solutions and technology services; hybrid cloud solutions, business critical systems and storage products.

Check back later for our full analysis on Hewlett Packard Enterprise’s quarter earnings report!

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