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Hewlett Packard Enterprise (HPE) Exceeds Q2 Earnings and Revenue Expectations

Hewlett Packard Enterprise (HPE) Exceeds Q2 Earnings and Revenue Expectations
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Hewlett Packard Enterprise (HPE) exceeded expectations with quarterly earnings of $0.42 per share, compared to $0.52 per share a year ago. This marks an earnings surprise of 10.53%, as the company has consistently surpassed EPS estimates over the last four quarters. Revenues also outperformed, reaching $7.2 billion, up from $6.97 billion last year.

While HPE’s stock has seen a 5.7% increase year-to-date, it has underperformed the market. The stock’s future movement will hinge on management’s commentary during the earnings call and the company’s earnings outlook. Investors can track earnings estimate revisions to gauge potential stock movements, with a current Zacks Rank #3 suggesting a hold rating.

Looking ahead, HPE’s current consensus EPS estimate is $0.46 for the next quarter and $1.88 for the fiscal year. The Computer Integrated Systems industry, to which HPE belongs, is currently ranked in the top 31% of Zacks industries, indicating positive industry outlook. Another company in the same industry, Iteris (ITI), is set to report earnings soon, with expectations of $0.03 per share and $42 million in revenue.

Investors should keep an eye on industry trends and earnings estimate revisions for both HPE and Iteris to make informed decisions. For more detailed stock analysis and recommendations, investors can access Zacks Investment Research.

Article Source
https://finance.yahoo.com/news/hewlett-packard-enterprise-hpe-tops-212003719.html

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