HP Inc. Quarterly Earnings Report Preview

• HP Inc. is set to release its Q2 fiscal year 2024 earnings on Wednesday, May 29, 2024, with Wall Street expecting an EPS of $0.81 and revenue of $12.6 billion.
• The company's strategic cost management and improved product mix are anticipated to support its financial performance.
• Financial metrics such as a P/E ratio of 9.51 and a P/S ratio of 0.60 highlight HP's market valuation ahead of the earnings announcement.

HP Inc. (NYSE:HPQ) is gearing up for its quarterly earnings report, a significant event for investors and market watchers alike. Scheduled for Wednesday, May 29, 2024, after the market closes, the anticipation builds around the company's financial performance for the second quarter of the fiscal year 2024. Wall Street sets its sights on an earnings per share (EPS) of $0.81, with revenue estimates hovering around $12.6 billion. This projection places HP in the spotlight, as stakeholders eagerly await to see if these expectations will be met or surpassed.

HP Inc. stands as a prominent player in the technology sector, known for its wide range of personal computing and printing products. The company's ability to maintain a competitive edge in the market is closely watched, especially in comparison to its rivals. As the earnings report date approaches, the focus sharpens on HP's financial health and its strategies for growth amidst the challenges and opportunities within the tech industry.

The company's performance this quarter is believed to have been bolstered by disciplined cost management and an improved product mix, as highlighted by Zacks Investment Research. This strategic approach could play a crucial role in achieving the anticipated earnings and revenue figures. Additionally, Forbes has recently spotlighted HP as a stock to buy, citing the post-holiday week's historical trend of the S&P 500 rising more often than not. This period's mildly bullish end-of-month strength could signal an expectation for higher stock quotes for HP, further fueling investor interest.

Analysts have adjusted their consensus on HP's EPS downward by 0.6% over the past 30 days, reflecting a slight recalibration of expectations. Despite this adjustment, the projected modest year-over-year increase in EPS of 1.3% and a forecasted revenue decline of 2.9% to $12.53 billion indicate a nuanced view of HP's financial trajectory. These figures underscore the importance of closely monitoring earnings estimate revisions, as they often influence investor reactions and can provide insights into the company's short-term stock price movements.

HP's financial metrics, such as its price-to-earnings (P/E) ratio of approximately 9.51 and a price-to-sales (P/S) ratio of about 0.60, offer a glimpse into how investors value the company's earnings and sales. The enterprise value to sales (EV/Sales) ratio of roughly 0.77 and the enterprise value to operating cash flow (EV/OCF) ratio of approximately 10.98 further illuminate HP's market valuation in relation to its sales and operating cash flow. These ratios, alongside the earnings yield of about 10.52% and a debt-to-equity ratio reported at -6.67, provide a comprehensive view of HP's financial health and investment appeal as it steps into its quarterly earnings announcement.