Hewlett Packard Enterprise Company (NYSE:HPE) is reporting fourth quarter earnings results on Tuesday 1st December 2020, After Market Close.
The consensus estimates from Thomson Reuters are income of $ 0.34 per share.
For the full year, analysts predict revenues of $ 26651.30 million, while looking forward to income of $ 1.32 per share.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 0.32 ~ $ 0.36 per share
Full Year 2020 bottomline are predicted in a range of $ 1.30 ~ $ 1.34 per share
Click Here For More Historical Outlooks Of Hewlett Packard Enterprise Company
Previous Quarter Performance
Hewlett Packard Enterprise Company recorded income for the third quarter of $ 0.32 per share, from the revenue of $ 6,816.00 million. The quarterly earnings dropped 28.89 percent while revenues reduced 5.56 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.23 per share from $ 6059.06 million in revenue. The bottom line results beat street analysts by $ 0.09 or 39.13 percent, at the same time, top line results outshined analysts by $ 756.94 million or 12.49 percent.
Stock Performance
Shares of Hewlett Packard Enterprise Company traded low $ -0.18 or -1.60 percent on Monday, reaching $ 11.04 with volume of 16.17 million shares. Hewlett Packard Enterprise Company has traded high as $ 11.39 and has cracked $ 10.95 on the downward trend
According to the previous trading day, closing price of $ 11.04, representing a 51.01 % increase from the 52 week low of $ 7.43 and a 31.79 % decrease over the 52 week high of $ 16.45.
The company has a market capital of $ 14.20 billion and is part of the Technology sector and Communication Equipment industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Credit Suisse Group at Underperform rating, with $ 9.00 target price.
- On 16th October 2020, maintained by UBS Group at Neutral rating, with $ 10.50 target price.
- On 16th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 12.00 target price.
Conference Call
Hewlett Packard Enterprise Company will be hosting a conference call at 5:00 PM eastern time on 1st December 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hpe.com
Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.
