HP Inc reports results for the quarter ended April 30 - Earnings Summary

• HP Inc HPQ.N reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of twelve analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 78 cents to 83 cents per share.

• Revenue rose 3.3% to $13.22 billion from a year ago; analysts expected $13.14 billion.

• HP Inc's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $406 million.

• HP Inc shares had risen by 2.3% this quarter and lost 13.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 "buy."

• Wall Street's median 12-month price target for HP Inc is $33.32

This summary was machine generated from LSEG data May 28 at 09:01 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)