We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HP (HPQ) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
HP (HPQ - Free Report) ended the recent trading session at $28.43, demonstrating a -1.22% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Shares of the personal computer and printer maker have depreciated by 10.4% over the course of the past month, underperforming the Computer and Technology sector's loss of 9.88%, and the S&P 500's loss of 0.87%.
The upcoming earnings release of HP will be of great interest to investors. The company is predicted to post an EPS of $0.75, indicating a 19.35% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.47 billion, up 5.69% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.23 per share and a revenue of $60.01 billion, representing changes of +3.53% and +8.52%, respectively, from the prior year.
Any recent changes to analyst estimates for HP should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. HP is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, HP is currently trading at a Forward P/E ratio of 8.91. This signifies a discount in comparison to the average Forward P/E of 16.26 for its industry.
Also, we should mention that HPQ has a PEG ratio of 1.5. 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 the market closed yesterday, the Computer - Micro Computers industry was having an average PEG ratio of 1.5.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 69, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HPQ in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
HP (HPQ) Sees a More Significant Dip Than Broader Market: Some Facts to Know
HP (HPQ - Free Report) ended the recent trading session at $28.43, demonstrating a -1.22% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 1.07%.
Shares of the personal computer and printer maker have depreciated by 10.4% over the course of the past month, underperforming the Computer and Technology sector's loss of 9.88%, and the S&P 500's loss of 0.87%.
The upcoming earnings release of HP will be of great interest to investors. The company is predicted to post an EPS of $0.75, indicating a 19.35% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.47 billion, up 5.69% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.23 per share and a revenue of $60.01 billion, representing changes of +3.53% and +8.52%, respectively, from the prior year.
Any recent changes to analyst estimates for HP should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. HP is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, HP is currently trading at a Forward P/E ratio of 8.91. This signifies a discount in comparison to the average Forward P/E of 16.26 for its industry.
Also, we should mention that HPQ has a PEG ratio of 1.5. 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 the market closed yesterday, the Computer - Micro Computers industry was having an average PEG ratio of 1.5.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 69, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HPQ in the coming trading sessions, be sure to utilize Zacks.com.