Hewlett-Packard Co Stock Hold Recommendation Reiterated (HPQ)
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- HPQ, with its decline in revenue, underperformed when compared the industry average of 23.3%. Since the same quarter one year prior, revenues slightly dropped by 3.0%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- HEWLETT-PACKARD CO's earnings per share declined by 23.8% in the most recent quarter compared to the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, HEWLETT-PACKARD CO reported lower earnings of $3.27 versus $3.69 in the prior year. This year, the market expects an improvement in earnings ($4.06 versus $3.27).
- Current return on equity is lower than its ROE from the same quarter one year prior. This is a clear sign of weakness within the company. In comparison to the other companies in the Computers & Peripherals industry and the overall market, HEWLETT-PACKARD CO's return on equity is significantly below that of the industry average and is below that of the S&P 500.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Computers & Peripherals industry. The net income has significantly decreased by 30.9% when compared to the same quarter one year ago, falling from $2,304.00 million to $1,593.00 million.
--Written by a member of TheStreet Ratings Staff.
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