Average revenue estimate of $13.3 billion
Analysts expect HP (HPQ), a US-based (SPY) hardware technology (QQQ) company, to report revenues of ~$13.3 billion in fiscal 4Q17, which ended in October 2017. Wall Street has a high revenue estimate of ~$13.5 billion and a low estimate of ~$13.2 billion for 4Q17. If HP meets analysts’ average revenue estimate of ~$13.3 billion, it would mean a YoY (year-over-year) rise of 6.5% compared to revenues of ~$12.5 billion in 4Q16.
HP’s non-GAAP (generally accepted accounting principles) EPS (earnings per share) is estimated at $0.44 with a high estimate of $0.45 and a low estimate of $0.43. In fiscal 4Q16, HP reported EPS of $0.36, indicating that analysts expect EPS growth of 22% YoY in 4Q17.
HP has beaten the EPS estimate in three of the past four quarters. It reported EPS of $0.43 in 3Q17, which was 2.4% above the analyst estimate of $0.42. Its EPS in 2Q17 was $0.40, which was 2.6% above the estimate of $0.39. Its EPS of $0.38 in 1Q17 was 2.7% above the estimate. Its EPS of $0.36 in 4Q16 met the average analyst estimate.
What HP expects for EPS in 4Q17
HP expects EPS of $0.42–$0.45 in 4Q17. For fiscal 2017, it expects EPS of $1.63–$1.66. HP will be announcing its results on November 21, 2017.