For its first fiscal quarter (ending January 31), HP Inc (NYSE: HPQ) has reported a 29% increase in E.P.S. from $0.49 a year ago to $0.63 in the current quarter. However, this result fell short of the consensus estimate of $0.90 by $-0.27. For the latest four quarters through January 31, E.P.S. were $3.43 versus $2.47 for the same period a year ago — an increase of 39%.
Recent Price Action
On 2/28/24, HP Inc (NYSE: HPQ) stock declined slightly by -0.4%, closing at $28.72. Moreover, this decline was accompanied by above average trading volume at 144% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, HPQ is expected to be an important Value Eraser.
HP is currently unrated.
Rating Review
The stock is currently unrated.
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