After today's market close, the Palo Alto-based maker of PCs and printers said it expects to post adjusted earnings between 34 cents and 37 cents per share for the current quarter, while analysts are looking for adjusted earnings of 41 cents per share.
HP didn't provide a revenue estimate.
The downbeat outlook is overshadowing better-than-expected earnings and revenue for the 2016 third quarter.
HP reported adjusted earnings of 48 cents per share for the most recent period, topping analysts' estimates of 44 cents per share.
Revenue was $11.9 billion for the period and beat analysts' projections of $11.5 billion.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
HP's strengths such as its good cash flow from operations and solid stock price performance are countered by weaknesses including deteriorating net income, poor profit margins and feeble growth in the company's earnings per share.
You can view the full analysis from the report here: HPQ
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.