TheStreet's Brittany Umar says the key business elements for investors to watch are core software, 3-D printing and the cloud. All three business segments are directions that Hewlett-Packard is exploring and could be positive catalysts in the future.
Umar also said that investors should pay attention to PC sales and whether they have finally bottomed. She added that the company's views on competition and its spending will also be scrutinized.
The company has beaten earnings estimates three of the past four quarters. Analysts are looking for 84 cents per share, which would represent a 2 cents per share increase from last year's results.
Analysts are also looking for revenue of $27.17 billion, which would represent a 4% decline from the same period last year, Umar concluded. Shares are down by roughly 1% in midday trading.
-- Written by Bret Kenwell in Petoskey, Mich.