HP Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
HP (NYSE:HPQ) reported Q2 earnings of $1.07 billion, a 118.89% increase from Q1, while sales decreased by 6.62% to $12.91 billion. The company posted a negative ROCE of -0.43%, suggesting inefficient capital allocation.
May 31, 2023 | 2:45 pm
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HP reported a 118.89% increase in Q2 earnings, but sales decreased by 6.62%. The company's negative ROCE of -0.43% suggests inefficient capital allocation.
HP's Q2 earnings increased significantly, but sales decreased, indicating mixed performance. The negative ROCE suggests inefficient capital allocation, which could impact long-term returns. However, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100