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HP (HPQ) Outpaces Stock Market Gains: What You Should Know
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HP (HPQ - Free Report) ended the recent trading session at $32.15, demonstrating a +2.78% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.2%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
The personal computer and printer maker's stock has dropped by 2.22% in the past month, falling short of the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
The investment community will be paying close attention to the earnings performance of HP in its upcoming release. It is anticipated that the company will report an EPS of $0.75, marking a 19.35% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $15.47 billion, indicating a 5.69% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.23 per share and a revenue of $60.01 billion, indicating changes of +3.53% and +8.52%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for HP. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, HP possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, HP is presently trading at a Forward P/E ratio of 9.68. Its industry sports an average Forward P/E of 20.62, so one might conclude that HP is trading at a discount comparatively.
It is also worth noting that HPQ currently has a PEG ratio of 1.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Micro Computers industry currently had an average PEG ratio of 1.63 as of yesterday's close.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 28, positioning it in the top 12% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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HP (HPQ) Outpaces Stock Market Gains: What You Should Know
HP (HPQ - Free Report) ended the recent trading session at $32.15, demonstrating a +2.78% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.2%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.04%.
The personal computer and printer maker's stock has dropped by 2.22% in the past month, falling short of the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
The investment community will be paying close attention to the earnings performance of HP in its upcoming release. It is anticipated that the company will report an EPS of $0.75, marking a 19.35% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $15.47 billion, indicating a 5.69% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.23 per share and a revenue of $60.01 billion, indicating changes of +3.53% and +8.52%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for HP. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, HP possesses a Zacks Rank of #1 (Strong Buy).
Looking at valuation, HP is presently trading at a Forward P/E ratio of 9.68. Its industry sports an average Forward P/E of 20.62, so one might conclude that HP is trading at a discount comparatively.
It is also worth noting that HPQ currently has a PEG ratio of 1.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Micro Computers industry currently had an average PEG ratio of 1.63 as of yesterday's close.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 28, positioning it in the top 12% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.