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What HP Expects for Fiscal 2Q18 and Fiscal 2018

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Mar. 1 2018, Updated 7:31 a.m. ET

HP expects non-GAAP EPS between $0.45 and $0.49 in fiscal 2Q18

As seen in the chart below, HP (HPQ) expects non-GAAP (generally accepted accounting principles) EPS (earnings per share) between $0.45 and $0.49 in fiscal 2Q18. For full-year fiscal 2018, HP has estimated non-GAAP EPS between $1.90 and $2.00 above its previous guidance of earnings between $1.75 and $1.85.

HP’s stock price has increased almost 10% in the past two days since the firm posted impressive fiscal 1Q18 results, raised earnings estimates, and saw various price target upgrades. In comparison, the S&P 500 (SPY) and the PowerShares QQQ ETF (QQQ) have generated returns of 2.8% and 3.4%, respectively, in the last two days.

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What do analysts expect from HP in fiscal 2Q18 and beyond?

Analysts expect HP’s revenue to rise 9.5% YoY (year-over-year) to $13.6 billion in fiscal 2Q18, while the EPS is expected to rise 20% YoY to $0.48. In fiscal 3Q18, HP’s revenue is estimated to rise 6.7% to $13.9 billion, while EPS is expected to rise 14% YoY to $0.49.

Further, analysts expect HP’s revenue to rise 8.7% YoY to $56.6 billion in fiscal 2018, while EPS is estimated to rise almost 20% YoY to $1.97. Analysts have projected HP’s revenue to rise 0.6% YoY to $56.9 billion in fiscal 2019 compared to an EPS rise of 6.1% YoY to $2.09.

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