Why Is HP (HPQ) Down 1% Since Last Earnings Report?

Core Viewpoint - HP shares have underperformed the S&P 500, losing about 1% since the last earnings report, raising questions about future performance leading up to the next earnings release [1] Group 1: Earnings Report and Estimates - Fresh estimates for HP have trended downward over the past month, with the consensus estimate shifting down by 12.43% [2] - The recent earnings report indicates important drivers that may affect future performance [1] Group 2: VGM Scores - HP has a subpar Growth Score of D and a Momentum Score of F, but it received an A grade for value, placing it in the top 20% for this investment strategy [3] - The overall aggregate VGM Score for HP is C, which is relevant for investors not focused on a single strategy [3] Group 3: Outlook - The downward trend in estimates suggests a negative outlook for HP, with a Zacks Rank of 3 (Hold), indicating an expectation of in-line returns in the coming months [4]