HPE(US:HPE) ZACKSยท2024-12-05 23:16Core Viewpoint - Hewlett Packard Enterprise (HPE) reported quarterly earnings of $0.58 per share, exceeding the Zacks Consensus Estimate of $0.55 per share, and showing an increase from $0.52 per share a year ago [1][3] Financial Performance - The earnings surprise for the quarter was 5.45%, with a previous quarter surprise of 8.70% when actual earnings were $0.50 compared to an expected $0.46 [2] - HPE's revenues for the quarter ended October 2024 were $8.46 billion, surpassing the Zacks Consensus Estimate by 2.81%, and up from $7.35 billion year-over-year [3] - Over the last four quarters, HPE has exceeded consensus EPS estimates four times and revenue estimates three times [3] Stock Performance - HPE shares have increased approximately 28.2% since the beginning of the year, compared to a 27.6% gain for the S&P 500 [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $7.67 billion, and for the current fiscal year, it is $2.10 on revenues of $31.91 billion [8] - The estimate revisions trend for HPE is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Computer - Integrated Systems industry, to which HPE belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]