As the financial world eagerly awaits the fourth-quarter earnings report of HP Inc (HPQ), industry analysts and investors alike are assessing the company’s performance metrics and potential market impact. Scheduled for release on Tuesday, November 26, this report holds particular significance due to HP’s position in the computer hardware sector and its role as a barometer for industry trends.
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Expected Q4 Earnings Report of HP Inc:
- Wall Street analysts project HP Inc to post quarterly earnings of $0.93 per share, marking a 3.3% year-over-year increase.
- Revenue estimates stand at $13.96 billion, reflecting a modest 1% growth compared to the same quarter last year.
- Projections highlight the market’s confidence in HP’s ability to sustain growth amidst challenging economic conditions.
Key Segment Expectations:
- The Personal Systems-Commercial PS segment is expected to generate $6.71 billion in revenue, a robust 7.9% increase year-over-year.
- The Personal Systems-Consumer PS segment is anticipated to report a revenue decline of 5.8%, amounting to $3.00 billion.
Stock Target Advisor’s Analysis on HP Inc:
According to Stock Target Advisor, HP Inc holds a “Slightly Bullish” rating, bolstered by eight positive signals against four negative indicators. At its last closing, HP’s stock price stood at $38.13, representing gains of 1.41% over the past week, 1.66% over the past month, and a significant 33.14% year-to-date growth.
Stock Target Advisor projects a 12-month target price of $36.79 for HP, indicating a potential downside of 3.53%. Despite this, analysts’ overall sentiment remains cautiously optimistic, with some ratings suggesting a “Buy” recommendation.
Conclusion:
HP Inc’s upcoming Q4 earnings report is set to offer valuable insights into the company’s strategic direction and operational resilience. With revenue growth in key commercial segments offsetting declines in consumer demand, HP’s results will likely reaffirm its position as a stable player in the computer hardware sector.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
