21 Nov

What’s Expected of HP Inc. in Q4 2018?

WRITTEN BY Aditya Raghunath

Average revenue estimate of $15.1 billion

The last two days have been volatile for the markets. The broader indexes were in a sea of red on November 19 driven by a sell-off in the technology sector.

The Power Shares QQQ Trust, Series 1 ETF (QQQ) has fallen 5% this week, while the Technology Select Sector SPDR ETF (XLK) has fallen 5.9%. HP Inc. (HPQ) has also been affected, with its stock slipping 6.4% over the last two days.

What’s Expected of HP Inc. in Q4 2018?

HP Inc.’s upcoming earnings remain critical, as any deviation from the average estimates could result in a further price correction. Analysts expect HP to post revenue of $15.1 billion in the fourth quarter of fiscal 2018, an 8.4% rise year-over-year compared to $13.93 billion in the fourth quarter of fiscal 2017. Analysts expect HP’s non-generally accepted accounting principles EPS to rise 23% from $0.44 to $0.54 in the period.

HP has beaten analysts’ estimates in two of the last four quarters

As we can see in the chart above, HP Inc. has managed to beat analysts’ earnings estimates in two of the last four quarters. In the third quarter of fiscal 2018, it reported EPS of $0.52, 2% higher than the estimate of $0.51. It met the earnings estimate of $0.48 in the second quarter.

HP Inc. also beat analysts’ earnings estimate of $0.42 by 14.3% in the first quarter of fiscal 2018, reporting EPS of $0.48. It reported EPS of $0.44, which was in line with estimates, in the fourth quarter of fiscal 2017.

HP will be announcing its earnings results on November 29.

Latest articles

15 Jul

Will Amazon Prime Day 2019 Break 2018's Record?

WRITTEN BY Jitendra Parashar

This year, Amazon extended its Prime Day to 48 hours instead of the 36-hour sale in July 2018, making the 2019 event the longest Prime Day ever.

In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.

15 Jul

OrganiGram's Third-Quarter Earnings

WRITTEN BY Adam Jones

On Monday morning, OrganiGram's third-quarter earnings came in as a bit of a let-down. Here's why.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.

With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.