Hewlett Packard Enterprise (HPE) is anticipated to report quarterly earnings of $0.38 per share, a decrease of 26.9% from the previous year. Analysts are predicting revenue of $6.83 billion, down 2% year-over-year. In the past 30 days, there have been no changes to the consensus earnings per share estimate, indicating analysts have not adjusted their forecasts during this period.
It is crucial to pay attention to any revisions in earnings projections before a company’s earnings release, as these revisions can impact investor behavior. Studies have shown a strong correlation between trends in earnings estimate revisions and a stock’s short-term price performance. While investors typically rely on consensus earnings and revenue estimates to evaluate a company’s performance, looking at analyst projections for specific metrics can provide deeper insights.
Analysts estimate that financial services revenue will be $872.26 million, a change of +1.7% from the previous year. ‘Income – Corporate investments and others’ is expected to reach $240.27 million, a decrease of -18.8% from the prior year. Intelligent Edge’s revenue is projected to be $1.11 billion, a decline of -14.7% year-over-year. Americas revenue is forecasted to hit $2.87 billion, down 1.7% from the prior-year quarter. Asia Pacific and Japan revenues are expected to reach $1.54 billion, a decrease of -1.6% from the previous year. ‘Revenue – Europe, Middle East and Africa’ is likely to reach $2.52 billion, a +1.2% change year-over-year. The estimated ‘Result of Operations – Financial Services’ is $72.27 million, lower than the $84 million figure from a year ago.
Analysts predict Intelligent Edge’s earnings from operations to be $243.50 million, compared to $351 million last year. Hewlett Packard Enterprise’s stock has shown a return of +10.6% in the past month, outperforming the Zacks S&P 500 Index. With a Zacks Rank #3 (Hold), HPE is expected to reflect overall market performance in the near term.
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