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HP (HPQ - Free Report) closed at $34.09 in the latest trading session, marking a +1.34% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.7%. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq increased by 0.83%.
The personal computer and printer maker's stock has climbed by 7.48% in the past month, exceeding the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of HP in its forthcoming earnings report. The company is forecasted to report an EPS of $0.75, showcasing a 19.35% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $15.47 billion, indicating a 5.69% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.23 per share and a revenue of $60.01 billion, demonstrating changes of +3.53% and +8.52%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for HP. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, HP boasts a Zacks Rank of #1 (Strong Buy).
In the context of valuation, HP is at present trading with a Forward P/E ratio of 10.41. This represents a discount compared to its industry average Forward P/E of 17.36.
It's also important to note that HPQ currently trades at a PEG ratio of 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Computer - Micro Computers industry held an average PEG ratio of 1.75.
The Computer - Micro Computers industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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HP (HPQ) Rises Higher Than Market: Key Facts
HP (HPQ - Free Report) closed at $34.09 in the latest trading session, marking a +1.34% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.7%. On the other hand, the Dow registered a gain of 0.28%, and the technology-centric Nasdaq increased by 0.83%.
The personal computer and printer maker's stock has climbed by 7.48% in the past month, exceeding the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of HP in its forthcoming earnings report. The company is forecasted to report an EPS of $0.75, showcasing a 19.35% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $15.47 billion, indicating a 5.69% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.23 per share and a revenue of $60.01 billion, demonstrating changes of +3.53% and +8.52%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for HP. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, HP boasts a Zacks Rank of #1 (Strong Buy).
In the context of valuation, HP is at present trading with a Forward P/E ratio of 10.41. This represents a discount compared to its industry average Forward P/E of 17.36.
It's also important to note that HPQ currently trades at a PEG ratio of 1.75. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Computer - Micro Computers industry held an average PEG ratio of 1.75.
The Computer - Micro Computers industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.