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Seeking Clues to HP (HPQ) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
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Wall Street analysts expect HP (HPQ - Free Report) to post quarterly earnings of $0.66 per share in its upcoming report, which indicates a year-over-year decline of 12%. Revenues are expected to be $14.6 billion, up 4.8% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific HP metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net revenue- Personal Systems- Commercial PS' will reach $7.64 billion. The estimate points to a change of +8.6% from the year-ago quarter.
Analysts expect 'Net revenue- Personal Systems- Consumer PS' to come in at $3.04 billion. The estimate indicates a change of +5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Net revenue- Personal Systems' will likely reach $10.68 billion. The estimate points to a change of +7.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net revenue- Printing- Supplies' should arrive at $2.59 billion. The estimate suggests a change of -0.6% year over year.
The consensus estimate for 'Net revenue- Printing- Commercial Printing' stands at $1.11 billion. The estimate points to a change of +0.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net revenue- Printing- Consumer Printing' of $268.46 million. The estimate indicates a change of -0.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Net revenue- Printing' should come in at $3.97 billion. The estimate indicates a year-over-year change of -0.4%.
Analysts predict that the 'Days in accounts payable' will reach 141 days. Compared to the current estimate, the company reported 138 days in the same quarter of the previous year.
It is projected by analysts that the 'Days of sales outstanding in accounts receivable' will reach 34 days. The estimate compares to the year-ago value of 33 days.
Analysts' assessment points toward 'Days of supply in inventory' reaching 70 days. Compared to the current estimate, the company reported 68 days in the same quarter of the previous year.
Analysts forecast 'Cash conversion cycle' to reach 38 days. Compared to the present estimate, the company reported 37 days in the same quarter last year.
The average prediction of analysts places 'Earnings from operations- Personal Systems' at $489.05 million. The estimate is in contrast to the year-ago figure of $541.00 million.
Shares of HP have experienced a change of +20.2% in the past month compared to the +2.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), HPQ is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Seeking Clues to HP (HPQ) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
Wall Street analysts expect HP (HPQ - Free Report) to post quarterly earnings of $0.66 per share in its upcoming report, which indicates a year-over-year decline of 12%. Revenues are expected to be $14.6 billion, up 4.8% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific HP metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net revenue- Personal Systems- Commercial PS' will reach $7.64 billion. The estimate points to a change of +8.6% from the year-ago quarter.
Analysts expect 'Net revenue- Personal Systems- Consumer PS' to come in at $3.04 billion. The estimate indicates a change of +5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Net revenue- Personal Systems' will likely reach $10.68 billion. The estimate points to a change of +7.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net revenue- Printing- Supplies' should arrive at $2.59 billion. The estimate suggests a change of -0.6% year over year.
The consensus estimate for 'Net revenue- Printing- Commercial Printing' stands at $1.11 billion. The estimate points to a change of +0.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Net revenue- Printing- Consumer Printing' of $268.46 million. The estimate indicates a change of -0.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Net revenue- Printing' should come in at $3.97 billion. The estimate indicates a year-over-year change of -0.4%.
Analysts predict that the 'Days in accounts payable' will reach 141 days. Compared to the current estimate, the company reported 138 days in the same quarter of the previous year.
It is projected by analysts that the 'Days of sales outstanding in accounts receivable' will reach 34 days. The estimate compares to the year-ago value of 33 days.
Analysts' assessment points toward 'Days of supply in inventory' reaching 70 days. Compared to the current estimate, the company reported 68 days in the same quarter of the previous year.
Analysts forecast 'Cash conversion cycle' to reach 38 days. Compared to the present estimate, the company reported 37 days in the same quarter last year.
The average prediction of analysts places 'Earnings from operations- Personal Systems' at $489.05 million. The estimate is in contrast to the year-ago figure of $541.00 million.
View all Key Company Metrics for HP here>>>Shares of HP have experienced a change of +20.2% in the past month compared to the +2.8% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), HPQ is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .