The Palo Alto, CA-based computer hardware company is expected to post a steep drop in earnings per share and revenue, reflecting the spin-off of Hewlett Packard Enterprise (HPE), which was completed last October.
Wall Street is anticipating earnings of 38 cents per share on revenue of $11.73 billion for the latest quarter, compared with 87 cents per share on revenue of $25.45 billion for the same quarter last year.
"Several data points from competitors point to a weak print spend, with American and Japanese peers both suffering double digit declines in print revenues," Credit Suisse analysts said in a note released last week.
HP's print margin will also be pressured due to a stronger yen since a significant part of the company's printing costs are in the Japanese currency, analysts added.
Separately, HP has a "hold" rating and a letter grade of C at TheStreet Ratings because of the company's expanding profit margins, which offset feeble earnings per share growth, deteriorating net income and weak operating cash flow.
You can view the full analysis from the report here: HPQ
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