HP (HPQ) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - HP reported revenue of $14.06 billion for the quarter ended October 2024, reflecting a year-over-year increase of 1.7% but a slight miss of 0.36% against the Zacks Consensus Estimate of $14.11 billion [1] - Earnings per share (EPS) for the quarter was $0.93, up from $0.90 in the same quarter last year, but fell short of the consensus estimate of $0.94 by 1.06% [1] Financial Performance Metrics - Days in accounts payable increased to 138 days, exceeding the average estimate of 124.24 days from two analysts [3] - Net revenue from Personal Systems - Commercial PS was $6.52 billion, below the average estimate of $6.71 billion, representing a year-over-year increase of 5% [3] - Net revenue from Personal Systems - Consumer PS was $3.07 billion, slightly above the average estimate of $3 billion, but showed a decline of 3.6% year-over-year [3] - Total net revenue from Personal Systems was $9.59 billion, compared to the average estimate of $9.71 billion, with a year-over-year increase of 2.1% [3] - Net revenue from Printing - Supplies reached $2.87 billion, surpassing the average estimate of $2.73 billion, with a year-over-year increase of 1.6% [3] - Net revenue from Printing - Commercial Printing was $1.26 billion, exceeding the average estimate of $1.21 billion, reflecting a significant year-over-year increase of 18.6% [3] - Net revenue from Printing - Consumer Printing was $325 million, above the average estimate of $299.84 million, but showed a substantial decline of 39% year-over-year [3] - Total net revenue from Printing was $4.45 billion, compared to the average estimate of $4.25 billion, with a year-over-year increase of 0.8% [3] - Earnings from operations in Printing were $874 million, exceeding the average estimate of $769.47 million [3] - Earnings from operations in Personal Systems were $550 million, below the average estimate of $638.32 million [3] Stock Performance - HP's shares have returned +5% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]