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HP (HPQ) closed the most recent trading day at $29.10, moving -0.75% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.09%. Meanwhile, the Dow experienced a rise of 0.32%, and the technology-dominated Nasdaq saw an increase of 0.02%.
The personal computer and printer maker's stock has climbed by 23.04% in the past month, exceeding the Computer and Technology sector's gain of 18.89% and the S&P 500's gain of 13.05%.
Investors will be eagerly watching for the performance of HP in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 28, 2025. The company is forecasted to report an EPS of $0.80, showcasing a 2.44% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $13.36 billion, indicating a 4.34% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.39 per share and revenue of $54.23 billion. These totals would mark changes of +0.3% and +1.26%, respectively, from last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for HP. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.74% lower. HP presently features a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, HP is holding a Forward P/E ratio of 8.65. This indicates a discount in contrast to its industry's Forward P/E of 11.5.
Investors should also note that HPQ has a PEG ratio of 3.12 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Computer - Micro Computers industry stood at 1.72 at the close of the market yesterday.