![]() You can see the complete list of today’s Zacks #1 Rank stocks here. Its earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 27.4%. The stock has a Zacks Rank #1 and an Earnings ESP of +2.15%. ![]() KR have the right combination of elements to post an earnings beat in their upcoming releases.ĪutoNation is slated to report second-quarter 2022 results on Jul 18. Per our model, AutoNation AN, Commercial Metals CMC and The Kroger Co. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Hewlett Packard currently holds a Zacks Rank of 4 (Sell) and has an Earnings ESP of -1.60%. The combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. Our proven model does not conclusively predict an earnings beat for HPE this time. These factors are likely to have negatively impacted its sales growth and profitability in the quarter under review.īesides, foreign-exchange headwinds are expected to have been concerns along with several organizations shifting to cloud computing due to their maintenance-free and cost-effective structure compared with standalone servers. HPE expects to continue facing component shortages, higher commodity costs and increased shipping fees for the next few quarters. In the last quarter, Intelligent Edge segment orders grew 35% year over year, which was reflected in the top-line growth of 11% from this segment. The company is likely to have benefited from strong momentum in the as-a-service platform and significant contributions from growth businesses, such as high-performance computing & modular cooling systems and Intelligent Edge. Solid adoption of Aruba ESP (Edge Services Platform), which provides the edge-to-cloud connectivity as a service, and its cloud services arm, HPE GreenLake, might have driven the to-be-reported quarter’s revenues. ![]() Hewlett Packard’s fiscal second-quarter performance is likely to have gained from increased investments in data center infrastructure, modernization of business applications and IT operations.Īccelerated digital transformation and higher demand for cloud networking due to the pandemic-induced remote working wave are likely to have contributed to the second-quarter top line. Net revenues of $7 billion were up 2% on a year-over-year basis but missed the consensus mark of $7.02 billion. In the first quarter, HPE delivered non-GAAP earnings of 53 cents per share, which beat the Zacks Consensus Estimate by 15.2% and were a penny higher than the prior-year quarter’s earnings of 52 cents. Hewlett Packard Enterprise Company price-eps-surprise | Hewlett Packard Enterprise Company Quote Hewlett Packard Enterprise Company Price and EPS Surprise
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