Hewlett Packard Enterprise (HPE) reported revenue of $7.2 billion for the quarter ending April 2024, up 3.3% from the same period last year. EPS was $0.42, compared to $0.52 in the prior-year quarter. The reported revenues exceeded the Zacks Consensus Estimate of $6.81 billion by 5.72%, with a per-share surprise of 10.53%.
Key metrics monitored by Wall Street analysts include income from financial services, corporate investments and others, revenue from hybrid cloud, smart edge, and servers, as well as results of operations in various segments. HPE’s performance in these areas varied, with some figures exceeding estimates and others falling short.
The stock of Hewlett Packard Enterprise has returned +4.6% over the past month, outperforming the Zacks S&P 500 Composite. With a Zacks Rank #3 (Hold), the company is expected to perform in line with the broader market in the short term.
For more information on key company metrics for Hewlett Packard Enterprise, visit Zacks Investment Research. Download the 7 best stocks for the next 30 days for free.
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