Hewlett Packard Enterprise Co reports results for the quarter ended January 31 - Earnings Summary

• Hewlett Packard Enterprise Co HPE.N reported quarterly adjusted earnings of 49 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of twelve analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 46 cents to 51 cents per share.

• Revenue rose 16.3% to $7.85 billion from a year ago; analysts expected $7.82 billion.

• Hewlett Packard Enterprise Co's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $627 million.

• Hewlett Packard Enterprise Co shares had fallen by 11.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% 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 "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Hewlett Packard Enterprise Co is $24.90

This summary was machine generated from LSEG data March 6 at 10:00 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)