Ahead of HP (HPQ) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Viewpoint - HP is expected to report quarterly earnings of $0.80 per share, reflecting a 2.4% decline year-over-year, while revenues are forecasted to increase by 4.9% to $13.43 billion [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised upward by 8.7%, indicating analysts' reassessment of their initial forecasts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3] Revenue Projections - Analysts project 'Net revenue- Personal Systems- Commercial PS' to reach $6.99 billion, a year-over-year increase of 12% [5] - 'Net revenue- Personal Systems- Consumer PS' is estimated at $2.20 billion, reflecting a 0.6% increase year-over-year [5] - The total 'Net revenue- Personal Systems' is expected to be $9.19 billion, indicating a 9% increase from the prior-year quarter [5] - 'Net revenue- Printing- Supplies' is projected at $2.76 billion, showing a year-over-year decline of 3.8% [6] - 'Net revenue- Printing- Commercial Printing' is expected to be $1.19 billion, a decrease of 1% from the previous year [6] - 'Net revenue- Printing- Consumer Printing' is forecasted at $286.82 million, indicating a 4.1% decline year-over-year [7] - The total 'Net revenue- Printing' is estimated at $4.24 billion, reflecting a 3% decrease from the prior year [7] Operational Metrics - 'Days in accounts payable' is expected to reach 134 days, compared to 132 days in the previous year [7] - 'Days of sales outstanding in accounts receivable' is projected at 30 days, down from 31 days year-over-year [8] - 'Days of supply in inventory' is estimated at 73.5 days, compared to 70 days in the previous year [8] - 'Earnings from operations- Printing' is forecasted at $796.32 million, down from $829 million in the same quarter last year [8] - 'Earnings from operations- Personal Systems' is expected to reach $528.27 million, compared to $508 million reported in the same quarter last year [9] Stock Performance - HP shares have increased by 12.5% over the past month, outperforming the Zacks S&P 500 composite's 10.7% increase [9]