Enterprise technology company Hewlett Packard Enterprise (NYSE:HPE) will be announcing earnings results this Monday after market hours. Here’s what to expect.
Hewlett Packard Enterprise missed analysts’ revenue expectations last quarter, reporting revenues of $9.30 billion, up 18.4% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.
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This quarter, the market is expecting Hewlett Packard Enterprise’s revenue to grow 28.3% year on year, improving from the 5.9% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Hewlett Packard Enterprise has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Hewlett Packard Enterprise’s peers in the hardware & infrastructure segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Dell delivered year-on-year revenue growth of 87.5%, beating analysts’ expectations by 21.5%, and Everpure reported revenues up 35.2%, topping estimates by 5%. Dell traded up 32% following the results while Everpure was down 16.1%.
Link: https://uk.finance.yahoo.com/news/hewlett-packard-enterprise-hpe-q1-030103571.html