HP earnings: what to expect when HPQ reports tomorrow

HP (NYSE: HPQ) reports earnings tomorrow afternoon. Last quarter, revenue beat estimates by 1.1% ($13.5B, up 2.4% YoY), but growth slowed, with EPS matching expectations.

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This quarter, analysts expect $13.1B in revenue (+2.4% YoY) and adjusted EPS of $0.80. Estimates have held steady, but HP has missed revenue forecasts 3 times in the past two years.

Among peers, IonQ beat revenue estimates slightly, while Super Micro missed. HP’s stock is up 10.2% over the past month, outperforming the sector’s 6.2% average gain. The average price target is $32.42 (vs. current $27.98).