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How Did HP Perform in Fiscal 1Q18?

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Feb. 27 2018, Published 2:46 p.m. ET

Revenues of $14.5 billion

HP (HPQ) announced its fiscal 1Q18 results on February 22, 2018. It reported revenue of $14.5 billion, a rise of 14% YoY (year-over-year). Non-GAAP (generally accepted accounting principles) EPS (earnings per share) were $0.48, above the firm’s outlook of $0.40 to $0.43 and 26% above last year’s EPS of $0.38.

During HP’s fiscal 1Q18 earnings call, CEO Dion Weisler stated, “We’re coming out of the gate strong in Q1, with double-digit revenue and EPS growth year over year. Our impressive results spanned all segments and all regions, reflecting our innovative product portfolio and global execution.”

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What did analysts expect from HP in 1Q18?

Analysts expected HP to post revenue of $13.5 billion in fiscal 1Q18, which ended in January 2018, with a high estimate of $12.7 billion and a low estimate of $14.0 billion. Analysts had an average EPS estimate of $0.42 for HP in 1Q18. HP beat average revenue estimates by 7.4% and earnings estimates by 14.3% in 1Q18.

HP is one of the top hardware consumer tech firms in the world with a market cap of $38.6 billion. Peer companies such as Canon (CAJ), Microsoft (MSFT), Acer (ACEYY), and Toshiba (TOSYY) have market caps of $50 billion, $735 billion, $2.2 billion, and $19 billion, respectively.

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