HP Sees Q4 Adj. EPS $0.85-$0.97 vs $0.95 Est.; Sees FY23 Adj. EPS $3.23-$3.35 vs $3.37 Est.
Portfolio Pulse from Benzinga Newsdesk
HP has released its Q4 and FY23 adjusted EPS forecasts. The company expects Q4 adjusted EPS to be between $0.85 and $0.97, compared to the estimated $0.95. For FY23, the adjusted EPS is projected to be between $3.23 and $3.35, lower than the estimated $3.37.
August 29, 2023 | 8:18 pm
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NEGATIVE IMPACT
HP's Q4 and FY23 adjusted EPS forecasts are lower than the market estimates. This could potentially impact the company's stock negatively in the short term.
HP's lower than expected earnings per share (EPS) forecasts for Q4 and FY23 could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price. The EPS is a key indicator of a company's profitability, and lower than expected figures often result in a negative market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100