Late Tuesday, HP Announced FY24 Outlook, Expects GAAP EPS Of $2.75-$3.15 And Non-GAAP EPS Of $3.25-$3.65 Vs. Consensus Of $3.47; Sees Free Cash Flow Of $3.1B-$3.6B
Portfolio Pulse from Benzinga Newsdesk
HP has announced its FY24 outlook, expecting GAAP EPS of $2.75-$3.15 and non-GAAP EPS of $3.25-$3.65, compared to the consensus of $3.47. The company also forecasts free cash flow of $3.1B-$3.6B.
October 11, 2023 | 5:52 am
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NEGATIVE IMPACT
HP's FY24 outlook is slightly below the consensus for non-GAAP EPS, which may impact investor sentiment.
HP's forecasted non-GAAP EPS for FY24 is slightly below the consensus estimate. This could lead to negative investor sentiment and potentially a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100