HP Inc (HPQ) To Report Q3 Earnings: What's In The Offing?
Zacks Investment Research | Aug 17, 2017 10:21PM ET
HP Inc. (NYSE:HPQ) is set to report third-quarter fiscal 2017 results on Aug 23. Last quarter, the company posted a positive earnings surprise of 2.6%. Notably, the stock surpassed the Zacks Consensus Estimate thrice and came in line once, over the trailing four quarters. It has an average positive earnings surprise of 3%.
Let us see how things are shaping up for this announcement.
Factors to Consider
The split from Hewlett Packard Enterprise Company (NYSE:HPE) in November 2015 enabled HP to make customized approach for its businesses which was not possible when it operated as a single entity. The company is working on product innovation and differentiation, as well as enhancing the capabilities of the printing business to stabilize its top line.
Over the past one year, the company rolled out various models under its PC product lines of EliteBook, Spectre and Pavilion Wave. Apart from this, it is focusing on its pricing actions and marketing and sales activities which have helped in stimulating demand for the company’s PC products in the market.
The impact of these initiatives is well indicated by the fact that the company has gained its top position once again by replacing Lenovo, per Gartner’s recently released data on PC shipment for second-quarter 2017 . Also, the last-quarter growth in the company’s PC shipments was its fifth quarter of consecutive year-over-year improvement, after several quarters of decline.
HP’s efforts to turn around the business have been commendable and seem to be in the right direction as indicated by the results of the last few quarters. We believe that the benefit of the aforementioned initiatives will have a positive impact on the to-be-reported quarterly results also.
However, macroeconomic challenges and tepid IT spending remain concerns. Competition from the likes of Dell, Lenovo and Apple (NASDAQ:AAPL) also add to its woes.
HP Inc. Price and EPS Surprise
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.