HP Inc. (NYSE:HPQ) is reporting fourth quarter earnings results on Tuesday 24th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.52 per share.
For the full year, analysts predict revenues of $ 56004.00 million, while looking forward to income of $ 2.19 per share.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 0.50 ~ $ 0.54 per share
Full Year 2020 bottomline are predicted in a range of $ 2.16 ~ $ 2.20 per share
Click Here For More Historical Outlooks Of HP Inc.
Previous Quarter Performance
HP Inc. unfold income for the third quarter of $ 0.49 per share, from the revenue of $ 14,294.00 million. The quarterly earnings decreased 15.52 percent while revenues fell 2.12 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.43 per share from $ 13308.50 million in revenue. The bottom line results beat street analysts by $ 0.06 or 13.95 percent, at the same time, top line results outshined analysts by $ 985.50 million or 7.41 percent.
Stock Performance
Shares of HP Inc. traded up $ 0.74 or 3.62 percent on Monday, reaching $ 21.19 with volume of 8.70 million shares. HP Inc. has traded high as $ 21.27 and has cracked $ 20.58 on the downward trend
According to the previous trading day, closing price of $ 21.19, representing a 63.08 % increase from the 52 week low of $ 12.54 and a 14.54 % decrease over the 52 week high of $ 23.93.
The company has a market capital of $ 29.10 billion and is part of the Technology sector and Computer Systems industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 22.00 target price.
Conference Call
HP Inc. will be hosting a conference call at 4:30 PM eastern time on 24th November 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.hp.com
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments.
