HPE Will Be Posting A Quarterly Sales Of $6.59 Billion

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HPQ

Quite a few analysts have already predicted that the stocks of HPE would be announcing a sales sum of $6.59 billion for this quarter. According to a report, five of the investment analysts have already provided estimates into the earnings of the company. The lowest estimate has come in at $6.50 billion, while the highest has come in at $6.64 billion. The sales reported by the company the previous year were $6.01 billion, which indicates an annual growth rate of 9.7%. The company will be putting up its next quarterly report on the 1st of June. 

Quarterly Reports Of HPE

HPE did put up its previous quarterly earnings estimate on the 1st of March. The EPS reported by the company during this quarter was $0.52, which was more than the consensus estimate of $0.41. The net margin of the company was -1.19%, with the return on equity set at 10.73%. The revenue generated by the company during this period was $6.83 billion, with the analyst expectation of $6.75 billion. 

There have been quite a few research reports that have commented on the stocks of HPE. The Bank of America has already increased the price target of the company from $17 to $20 in a 3rd March research report. Credit Suisse Group has already increased the price target of the company from $11 to $12 with a rating of “underperform” in a 9th March research report.

Morgan Stanley has also increased the price target from $15.50 to $17 with a rating of equal weight in a 14th April research report. Daiwa Capital Markets has also increased the rating of the company from neutral to outperform with a price target that was increased from $12 to $17 in a 10th March research report. 

Two of the investment analysts involved with the company have already given it a rating of sell, while six others have issued the company with a rating of hold. Close to seven others have provided the company with a rating of buy. Currently, HPE has a hold rating with a $14.03 price target.