Hewlett Packard Enterprise Co (NYSE: HPE) has reported earnings for its third fiscal quarter (ending July 31) of $0.39 versus $0.36 for the same period a year ago — an increase of 8%. Relative to the consensus estimate of $0.47, this was a shortfall of $-0.08. For the latest four quarters through July 31, E.P.S. were $1.43 versus $0.83 for the same period a year ago — an increase of 72%.
Recent Price Action
On 9/4/24, Hewlett Packard Enterprise Co (NYSE: HPE) stock declined modestly by -1.5%, closing at $18.77. Moreover, trading volume in this decline was unusually high at 192% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
HPE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Hewlett Packard Enterprise has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Hewlett Packard Enterprise has a good Appreciation Score of 73 and a very high Power Rating of 87, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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