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Will HP Beat Analysts’ Estimates in Fiscal 1Q18?

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Revenue of $13.5 billion expected in fiscal 1Q18

HP (HPQ) plans to announce its fiscal 1Q18 results on February 22, 2018. Analysts expect it to post revenue of $13.5 billion for the quarter, which ended in January 2018.

Wall Street has a low revenue estimate of $12.71 billion and a high estimate of $13.96 billion for HP in fiscal 1Q18. If HP meets the average revenue estimate of $13.47 billion, it would mean a YoY (year-over-year) rise of 6.2% compared to $12.7 billion in fiscal 1Q17.

Analysts expect HP to post non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.42 with a low estimate of $0.4 and a high estimate of $0.43. In fiscal 1Q17, HP reported EPS of $0.38.

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HP beat earnings estimates in three of the last four quarters

As you can see in the chart above, HP has beaten analysts’ average EPS estimates in three of the last four quarters. It posted EPS of $0.43 in fiscal 3Q17, beating analysts’ estimate of $0.42 by 2.4%. It posted EPS of $0.4 and $0.38 in fiscals 2Q17 and 1Q17, respectively, beating estimates by 2.6% and 2.7%, respectively.

HP has a market cap of $33.6 billion. Its peers Canon (CAJ), Microsoft (MSFT), Lenovo (LNVGY), and Acer (ACEYY) have market caps of $49.6 billion, $687 billion, $6 billion, and $2.2 billion, respectively.

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