Wall Street analysts forecast that Hewlett Packard Enterprise (HPE) will report quarterly earnings of $0.55 per share in its upcoming release, pointing to a year-over-year increase of 5.8%. It is anticipated that revenues will amount to $8.23 billion, exhibiting an increase of 12% compared to the year-ago quarter. The current level reflects a downward revision of 1.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively ...

Key TakeawaysHewlett Packard Enterprise (HPE) will report earnings results after the market closes Thursday.The majority of analysts who research HPE and are tracked by Visible Alpha have a "hold" rating for the company.Bank of America raised its price target for HPE based in part on optimism for the overall artificial intelligence server market. Hewlett Packard Enterprise (HPE) will report fiscal fourth-quarter earnings after the market closes Thursday, with analysts softly bullish overall ahead of the com ...

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Hewlett Packard Enterprise (HPE) driven by higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The earnings report is expected on December 5, 2024, with a consensus EPS estimate of $0.55, reflecting a +5.8% change year-over-year [3][4]. - Revenues are projected to reach $8.23 billion, marking a 12% increase from the previous year [4]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.41% over the last 30 days, indicating a reassessment by analysts [5]. - The Most Accurate Estimate for HPE is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.51% [11][12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9]. - HPE currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [13]. Historical Performance - HPE has consistently beaten consensus EPS estimates, achieving this in the last four quarters [15]. - In the last reported quarter, HPE exceeded expectations by delivering earnings of $0.50 per share against an expected $0.46, resulting in a surprise of +8.70% [14]. Conclusion - HPE is positioned as a compelling candidate for an earnings beat, but other factors should also be considered before making investment decisions [18].

Earnings Report and Guidance - Hewlett Packard Enterprise (HPE) will report FY24 earnings on November 26, 2024, with guidance indicating 1-3% top-line growth and diluted EPS in the range of $1.68-$1.73 [1] - Consensus estimates project $29,930 million in revenue and a diluted EPS of $1.96 per share [1] Analyst Background - Michael Del Monte is a buy-side equity analyst with over 5 years of industry experience and a decade in professional services across various sectors including O&G, OFS, Midstream, Industrials, Information Technology, EPC Services, and consumer discretionary [1] - The analyst employs a macro-value-oriented approach to investment analysis, leveraging cross-industry insights for investment recommendations [1]

The technology sector has been a bright spot in the third quarter of 2024, fueled by advancements in artificial intelligence (AI), machine learning and generative AI (GenAI). This transformative growth is underpinned by strong industry tailwinds, such as widespread digitalization and increased enterprise adoption of cutting-edge technologies.Factors Supporting Tech Sector’s GrowthThe relentless pace of digital transformation continues to boost technology companies. The rapid adoption of cloud computing, 5G ...

Hewlett Packard Enterprise (HPE) shares have gained 21.6% in the past six months, outperforming the Zacks Computer and Technology Sector and the S&P 500 index’s return of 11.7 and 12.7, respectively. HPE also outperformed the Zacks Computer - Integrated Systems industry's decline of 2.3% in the past six months. HPE’s outperformance reflects investors’ confidence in the company’s innovative portfolio, which is demonstrating significant growth in the high-performance computing (HPC) and artificial intelligenc ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Hewlett Packard Enterprise (HPE) . This company, which is in the Zacks Computer - Integrated Systems industry, shows potential for another earnings beat.This information technology products and services provider has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The avera ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe ar ...

Core Viewpoint - Hewlett Packard Enterprise (HPE) has shown strong year-to-date performance, with a 21.7% increase in stock value, closely aligning with the S&P 500's 21.9% return, and is performing well within the tech sector and the Zacks Computer - Integrated Systems industry [1] Group 1: Product Innovations - HPE has introduced the industry's first 100% fanless direct liquid cooling systems architecture, aimed at optimizing energy and cost efficiency for large-scale AI setups [1] - The new liquid cooling technology features an eight-element cooling design that addresses challenges in cooling AI setups, covering various components such as GPUs, CPUs, and server blades [2] - HPE has launched several products in 2024, including Wi-Fi 7 access points and HPE ProLiant Compute XD685, enhancing its product portfolio for AI and networking [3] Group 2: Partnerships and Collaborations - HPE is expanding its AI capabilities through partnerships with industry leaders like NVIDIA and Microsoft, resulting in double-digit growth in AI systems orders and revenues [5] - Collaborations with NVIDIA have led to the development of NVIDIA AI Computing by HPE and integration of AI solutions into Azure Stack HCI systems with Microsoft [6] - Cumulative orders for AI products and services reached $6.2 billion since Q1 of fiscal 2023, with quarterly revenues of $1.3 billion reported in Q3 of fiscal 2024 [6] Group 3: Acquisitions and Market Position - HPE has acquired Morpheus Data and is in the process of acquiring Juniper Networks, which will enhance its capabilities and market share in the networking space [7] - The acquisition of Juniper Networks is expected to consolidate the market further and expand HPE's offerings [7] - HPE anticipates revenues between $8.1 billion and $8.4 billion for Q4 of fiscal 2024, indicating a year-over-year growth of 12.5% [7]

Hewlett Packard Enterprise Today HPE Hewlett Packard Enterprise $20.69 +0.02 (+0.10%) 52-Week Range $14.47 ▼ $22.82 Dividend Yield 2.51% P/E Ratio 14.78 Price Target $21.36 Add to Watchlist Hewlett Packard Enterprise Co. NYSE: HPE is a global technology company focused on providing edge-tocloud solutions for businesses and organizations to accelerate their digital transformation and better manage their IT infrastructure. The company sells enterprise solutions, including servers, storage, and networking, whi ...