Analysts on Wall Street project that Hewlett Packard Enterprise (HPE) will announce quarterly earnings of $0.94 per share in its forthcoming report, representing an increase of 113.6% year over year. Revenues are projected to reach $12.12 billion, increasing 32.6% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 2.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Hewlett Packard Enterprise metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Revenue- Services' will reach $4.04 billion. The estimate indicates a change of +39.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Products' should come in at $8.09 billion. The estimate indicates a change of +33.8% from the prior-year quarter.
The consensus among analysts is that 'Revenue- Financing income' will reach $234.76 million. The estimate indicates a change of +21% from the prior-year quarter.
The consensus estimate for 'Revenue- Americas' stands at $5.73 billion. The estimate indicates a year-over-year change of +20.8%.
Based on the collective assessment of analysts, 'Revenue- Asia Pacific and Japan' should arrive at $2.56 billion. The estimate suggests a change of +54.7% year over year.
Analysts expect 'Revenue- Europe, Middle East and Africa' to come in at $4.06 billion. The estimate suggests a change of +48.2% year over year.
View all Key Company Metrics for Hewlett Packard Enterprise here>>>Shares of Hewlett Packard Enterprise have demonstrated returns of +15.4% over the past month compared to the Zacks S&P 500 composite's +4.3% change. With a Zacks Rank #2 (Buy), HPE is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Hewlett Packard Enterprise Company (HPE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).