Hewlett Packard Enterprise Highlights Outlook From Today's Securities Analyst Meeting; Co. Forecasts 2024 Revenue Growth 2-4% In Constant Currency And Non-GAAP EPS $1.82-$2.02 vs $2.14 Est.
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard Enterprise (HPE) has provided an outlook at its Securities Analyst Meeting, forecasting a 2-4% revenue growth in constant currency by 2024. The company also predicts a non-GAAP EPS of $1.82-$2.02, which is lower than the estimated $2.14.
October 19, 2023 | 8:33 pm
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HPE's forecast of lower non-GAAP EPS than estimated may negatively impact its stock price in the short term.
HPE's forecast of a lower non-GAAP EPS than the estimated $2.14 could be seen as a negative signal by investors, potentially leading to a decrease in the stock price in the short term.
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