Hewlett Packard Enterprise Co Q2 Earnings Call: A Look at What to Expect
June 4, 2023
🌥️Hewlett Packard Enterprise (HPE) is set to report its second-quarter earnings results on May 30, 2023, at 6:00 PM EST. As the date approaches, investors and analysts are eagerly anticipating the company’s financial performance. In this article, we will take a closer look at HPE and assess its current standing from a fundamental and technical analysis standpoint, historical guidance, and analyst estimates.
Fundamental Analysis
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q1 | 2023-01-31 | 501.0 | 7809.0 | 0.38 | million USD |
| Q4 | 2022-10-31 | -304.0 | 7871.0 | -0.23 | million USD |
| Q3 | 2022-07-31 | 409.0 | 6951.0 | 0.31 | million USD |
| Q2 | 2022-04-30 | 250.0 | 6713.0 | 0.19 | million USD |
| Q1 | 2022-01-31 | 513.0 | 6961.0 | 0.39 | million USD |
Looking at HPE’s past year financials, the company had a mixed performance. The Q1 earnings report revealed a net income of $501 million and total revenue of $7.8 billion. However, the Q4 earnings report showed a net loss of $304 million. The previous quarter reports were more positive, with net income of $409 million (Q3) and $250 million (Q2), respectively.
As of May 22, 2023, HPE’s stock sits at $14.50 per share, with a change in price of 0.8% since the previous trading day. The three-month price performance shows a decline of 9.6%.
Looking forward to the upcoming Q2 earnings report, it is important to note MorningStar’s consensus estimate history on HPE’s earnings per share (EPS). The current consensus estimate is $0.51 per share, which was the same estimate given 7 days ago and 60 days ago. Thirty days ago, the EPS estimate was slightly higher at $0.52 per share, while 90 days ago, the estimate was $0.46 per share.
Technical Analysis
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-05-22 00:00:00+00:00 | 14.3 | 14.5 | 0.1 | 0.8 |
| 5D | 2023-05-16 00:00:00+00:00 | 14.0 | 14.5 | 0.4 | 2.9 |
| 1M | 2023-04-21 00:00:00+00:00 | 13.7 | 14.6 | -0.0 | -0.1 |
| 3M | 2023-02-21 00:00:00+00:00 | 13.7 | 16.4 | -1.5 | -9.6 |
From a technical analysis standpoint, HPE’s stock had a positive change in price of 2.9% in the past five trading days leading up to May 16, 2023. However, the three-month price performance shows a decline of 9.6%.
Historical Guidance
When we look at HPE’s past performance, it is clear that the company has had its ups and downs in terms of financial performance. However, recent reports show that HPE’s financials have been improving, with positive net income in the past three quarters.
Analysts Estimates
HPE’s upcoming earnings report is highly anticipated, and analysts have mixed expectations. Morningstar’s consensus estimate for the company’s EPS is $0.51 per share, which is identical to the estimate given seven days ago. The estimate 30 days ago was slightly higher at $0.52 per share, while the estimate 90 days ago was lower, at $0.46 per share.
Recent news sentiment around HPE’s upcoming earnings call is mainly positive. Analysts believe that HPE’s focus on hybrid cloud and edge computing solutions has been driving growth for the company.
Conclusion
Overall, HPE’s upcoming earnings report is expected to show improvement in financial performance compared to its previous year results. Analysts are optimistic about the company’s focus on hybrid cloud and edge computing solutions, which are expected to drive growth for HPE. However, the technical analysis shows a three-month decline in stock prices. It will be interesting to see how HPE’s stock performs after the earnings report.
Investors and analysts alike should tune in to HPE’s Q2 earnings call on May 30, 2023, at 6:00 PM EST to gain further insight into the company’s financial performance and outlook.
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