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 ...

Hewlett Packard Enterprise (HPE) shares have gained 21.7% in the year-to-date (YTD) period, almost in line with the S&P 500’s return of 21.9%. Also, the stock’s YTD return has not been far behind the Zacks Computer - Integrated Systems industry and the broader tech sector. The industry and the Zacks Computer and Technology Sector have returned 23.4% and 25.5%, respectively.Hewlett Packard Enterprise stock’s YTD price performance reflects the company’s sustained focus on expanding its product portfolio, whic ...

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 ...

Hewlett Packard Enterprise (NYSE: HPE ) hosted its AI Day on October 10, 2024, bringing forward insights into those areas which management sees as the next opportunity in the big IT infrastructure reshuffling. HPE has been quietly positioning itself as an all-in-one data centerMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range fro ...

Core Insights - Hewlett Packard Enterprise (HPE) hosted its first-ever AI Day, showcasing its commitment to artificial intelligence and hybrid cloud solutions [3][4]. Company Overview - The event featured key executives including Antonio Neri (President & CEO), Fidelma Russo (EVP & GM, Hybrid Cloud & CTO), and Neil MacDonald (EVP and GM, Server) [2][3]. - The presentation was held at HPE's Wisconsin manufacturing facility, indicating the company's focus on innovation and technology development [3]. Event Details - The session included a slide presentation available on the HPE Investor Relations website, emphasizing transparency and accessibility for investors [3]. - A Q&A session was moderated by Shannon Cross, Chief Strategy Officer, allowing for direct engagement with the audience [3].