Forbes Earnings Preview: Hewlett-Packard
By Narrative Science
Analysts expect decreased profit for Hewlett-Packard (HPQ) when the company reports its second quarter results on Wednesday, May 23, 2012. Although Hewlett-Packard reported profit of $1.24 a year ago, the consensus estimate calls for earnings per share of 91 cents.
What to Expect:
The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 95 cents. Analysts are projecting earnings of $4.02 per share for the fiscal year.
Analysts look for revenue to decrease 5.4% year-over-year to $29.92 billion for the quarter, after being $31.63 billion a year ago. For the year, revenue is projected to come in at $122.44 billion.Trends to Watch For: The last two quarters have seen decreases in the company's net income. In the first quarter, net income fell 43.6% from the year earlier quarter, while the figure dropped 90.6% in the fourth quarter of the last fiscal year. The company has experienced dips in revenue in the last two quarters. In first quarter, revenue was $30.04 billion, 7% lower than the year-ago figure. In the quarter before that, revenue fell 3.5%. Analyst Ratings: Analysts have become more optimistic about the stock recently and the number of buy ratings has risen slightly over the past three months. Competitors: Hewlett-Packard is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. One of Hewlett-Packard's main competitors in the computers and peripherals industry is Apple (AAPL). Other competitors in the information technology sector include: Dell (DELL), Oracle (ORCL), and Microsoft (MSFT). Recent Price Movement: The stock price has fallen 24.5% to $22.06 from $29.20 since February 21, 2012. Earnings estimates provided by Zacks. Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV