HP Inc. (HPQ - Get Report) is expected to report adjusted net income of $830.6 million, or 55 cents a share, on sales of $14.6 billion after the market closes on Thursday, based on a FactSet survey of 16 analysts.
In the same period a year ago, the company posted earnings of 52 cents a share on sales of $14.6 billion. It reported net income of $1.1 billion.
The company offered guidance of 53 cents a share to 56 cents a share on May. 24. Shares have fallen 5.6% since then. Quarterly estimates have fallen less than 1 cent a share in the past month.
HP is currently trading at a price-to-forward-earnings ratio of 8.3 based on the 12-month estimates of 17 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $872.9 million, or 58 cents a share, on sales of $15.4 billion.
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