Hewlett Packard Enterprise Gears Up For Q4 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Hewlett Packard Enterprise (HPE) is set to release Q4 fiscal 2023 results on Nov. 28, 2023. Analysts predict a decline in earnings per share to 50 cents from 57 cents in the previous year and a decrease in revenue to $7.35 billion from $7.87 billion. HPE has guided FY24 revenue growth of 2%-4%, operating profit growth of 3%-5%, and adjusted EPS of $1.82-$2.02. The stock closed up 0.3% at $15.83 on Friday. Analysts from Wells Fargo, Morgan Stanley, Credit Suisse, B of A Securities, and Citigroup have recently updated their ratings and price targets for HPE.
November 27, 2023 | 3:44 pm
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HPE is expected to report lower Q4 earnings and revenue year-over-year but has provided positive FY24 guidance. Analysts have mixed views with recent price target changes.
The expected decline in Q4 earnings and revenue could pressure HPE's stock price in the short term. However, the positive FY24 guidance and mixed analyst ratings with some price target increases suggest a neutral short-term impact as the market may have already priced in the Q4 expectations.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100