Hewlett Packard Enterprise Co reports results for the quarter ended April 30 - Earnings Summary

• Hewlett Packard Enterprise Co HPE.N reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of twelve analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 31 cents to 35 cents per share.

• Revenue rose 5.9% to $7.63 billion from a year ago; analysts expected $7.45 billion.

• Hewlett Packard Enterprise Co's reported EPS for the quarter was a loss of 82 cents​.

• The company reported a quarterly loss of $1.08 billion.

• Hewlett Packard Enterprise Co shares had risen by 12.4% this quarter and lost 18.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.1% 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 $20.00

This summary was machine generated from LSEG data June 3 at 09:00 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)