FMP

FMP

Enter

HP (NYSE:HPQ) rose more than 5% in pre-market today after announcing its Q2 earnings, which included higher-than-expected net revenue and an adjusted EPS of 82

HP Stock Gains 5% Following Q2 Beat

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

HP (NYSE:HPQ) rose more than 5% in pre-market today after announcing its Q2 earnings, which included higher-than-expected net revenue and an adjusted EPS of 82 cents, slightly above the 81 cents forecasted.

The company reported net revenue of $12.8 billion, a 0.8% decrease from the previous year but surpassing the $12.59 billion estimate. Personal systems revenue increased by 3.1% year-over-year to $8.43 billion, exceeding the expected $8.28 billion. However, printing revenue declined by 7.8% to $4.37 billion, just below the anticipated $4.38 billion.

Looking forward, the company forecasts an EPS between 78 to 92 cents for Q3, compared to the Street estimate of 85 cents. For the full year, the company projects an adjusted EPS of $3.30 to $3.60, slightly revised from the previous forecast of $3.25 to $3.65, compared to the consensus estimate of $3.42.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep