Several brokerages from Wall Street have forecasted that the stocks of HPE would be announcing a sales sum of $6.49 billion for the present quarter. Three of the analysts covering the firm have already provided estimates into the earnings of the company. The ball has been rolled at a sum of $6.30 billion, with the highest being $6.60 billion. The company did post a sales sum of $6.01 billion the previous year which indicates an annual growth rate of about 8%. The company will be posting its next report on the 20th of May.
The Quarterly Estimates of HPE
The stocks of HPE posted their next quarterly report on the 1st of March. The company had put up an EPS of $0.52 for the same quarter, which ended up beating the consensus estimate set by Zacks at $0.41. The company does seem to have a -1.19% net margin, with a 10.73% return on its equity. The revenue generated by the company over the quarter was $6.83 billion which is more than the consensus estimate of about $6.75 billion.
There have been quite a few research equities that have commented on HPE. Zacks Investment Research has already increased the rating of the company from strong sell to hold with a price target set at $13. JPMorgan Chase & Co has also increased the rating of the company from neutral to overweight. They have added a price target of $16 which was published in a 15th January research report.
Daiwa Capital Markets has increased the rating of the company from neutral to outperform, along with a price target set at $17 in a 10th March research report. Credit Suisse Group has increased the price target to $12, with a rating of underperform in a 9th March research report. In the end, the Bank of America went ahead and increased the price target to $20 in a 3rd March research report.
Two of the investment analysts gave the stocks a rating of sell, while nine of them provided it with a rating of hold. Close to six investment analysts gave the stocks a rating of buy. Currently, HPE has a hold rating with a $12.72 price target.
