Core Insights - Hewlett Packard Enterprise (HPE) reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, but down from $0.42 per share a year ago [1][2] - The company posted revenues of $7.63 billion for the quarter, surpassing the Zacks Consensus Estimate by 2.13% and up from $7.2 billion year-over-year [3] - HPE has surpassed consensus EPS estimates three times in the last four quarters and has topped revenue estimates four times in the same period [2][3] Earnings Performance - The earnings surprise for the recent quarter was 11.76%, while the previous quarter saw a negative surprise of -2% [2] - The current consensus EPS estimate for the upcoming quarter is $0.42, with expected revenues of $8.23 billion, and for the current fiscal year, the estimate is $1.81 on revenues of $32.64 billion [8] Market Position - HPE shares have underperformed the market, losing about 18.8% since the beginning of the year compared to the S&P 500's gain of 0.9% [4] - The Zacks Industry Rank places the Computer - Integrated Systems sector in the top 18% of over 250 Zacks industries, indicating a favorable industry outlook [9] Future Outlook - The company's earnings outlook will be influenced by management's commentary during the earnings call and the trends in earnings estimate revisions [4][5] - The current Zacks Rank for HPE is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [7]
Hewlett Packard Enterprise (HPE) Q2 Earnings and Revenues Top Estimates