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Could Hewlett Packard Enterprise Beat Analyst Estimates in 4Q17?

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Could Hewlett Packard Enterprise Beat Analyst Estimates in 4Q17? PART 1 OF 11

What Analysts Expect for Hewlett Packard Enterprise in 4Q17

Analysts expect revenue of $7.7 billion in fiscal 4Q17

Analysts expect US-based (SPY) tech (QQQ) company Hewlett Packard Enterprise (HPE) to report revenue of $7.7 billion in fiscal 4Q17 (ended October 2017). Wall Street has a high revenue estimate of $8.1 billion and a low estimate of $7.3 billion for fiscal 4Q17.

If HPE meets analysts’ average revenue estimate, it would mean a YoY (year-over-year) fall of ~38% from its revenue of ~$12.5 billion in 4Q16, primarily due to spin-offs and divestures undertaken by HPE over the last year. After adjusting for the spin-offs, HPE reported revenue of $8.1 billion in fiscal 4Q16.

What Analysts Expect for Hewlett Packard Enterprise in 4Q17

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Earnings per share expectations

HPE’s non-GAAP (generally accepted accounting principles) EPS (earnings per share) are expected to be $0.28, with a high estimate of $0.31 and a low estimate of $0.26. In fiscal 4Q16, HPE reported EPS of $0.43, indicating that analysts expect its EPS to fall 35% in 4Q17.

HPE has beaten analysts’ EPS estimates in two of the past four quarters. It reported EPS of $0.30 in 3Q17 and $0.45 in 1Q17, 15.4% above the analyst estimate of $0.26, and 2.3% above the analyst estimate of $0.44, respectively. Its EPS of $0.35 in 2Q17 was in line with analyst estimates. In fiscal 2018, analysts expect the company to post EPS of $1.38, while HPE expects non-GAAP EPS between $1.15 and $1.25. HPE is announcing its results on November 20, 2017.

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