Shareholders, however, should not expect any quick fixes from new CEO Meg Whitman who makes her quarterly conference call debut after market close when HP reports its fiscal fourth-quarter results.
"Meg doesn't have to come out with a broad vision, it's too early - people don't expect it," explained Brian White, an analyst at Ticonderoga Securities. "
|HP CEO Meg Whitman will oversee the company's results after market close.|
"Probably the most important thing investors will be looking for is stability," added Charles King, president at research firm Pund-IT. "The company has been through a lot of turmoil over the last 12 months -- investors will be looking for a firm hand on the tiller."Barely two months after she replaced Leo Apotheker, Whitman has already nixed a controversial proposal to divest HP's PC business. Investors, however, still await a decision on WebOS software as well as Whitman's plans for long-term growth. Responding to a question posted on Facebook by TheStreet, Gene Kirby urged Whitman to make "definitive statements" about the future of each HP division. Another respondent, Joe Marinaro, called on the new CEO to re-energize HP's employees after a morale-sapping period in the company's history. There has also been investor chatter that Whitman may adjust HP's financial targets. "Expectations are that new CEO Meg Whitman will lower the bar to reset expectations," explained Shaw Wu, an analyst at Sterne Agee, in a note. "This makes sense coming in as the new CEO, but also as global macroeconomic conditions remain very challenging -- we have heard as low as $3 to $4 in EPS
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV