HP Inc reports results for the quarter ended January 31 - Earnings Summary

• HP Inc HPQ.N reported quarterly adjusted earnings of 74 cents​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of ten analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 73 cents to 77 cents per share.

• Revenue rose 2.4% to $13.50 billion from a year ago; analysts expected $13.36 billion.

• HP Inc's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $565 million.

• HP Inc shares had risen by 3.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 12 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the computer hardware peer group is also "hold"

Wall Street's median 12-month price target for HP Inc is $36.75

This summary was machine generated from LSEG data February 27 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)