HP Sees Q3 EPS $0.78-$0.92 Vs $0.85 Est; Sees FY23 EPS $3.30-$3.60 Vs $3.43 Est.
Portfolio Pulse from Benzinga Newsdesk
HP has provided its earnings estimates for Q3 and FY23. For Q3, HP expects GAAP EPS to be between $0.63 and $0.77, and non-GAAP EPS to be between $0.78 and $0.92. For FY23, HP estimates GAAP EPS to be between $2.60 and $2.90, and non-GAAP EPS to be between $3.30 and $3.60. The company also anticipates generating free cash flow in the range of $3.1 to $3.6 billion.
May 29, 2024 | 8:18 pm
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HP has provided its earnings estimates for Q3 and FY23, with Q3 GAAP EPS expected to be between $0.63 and $0.77, and non-GAAP EPS between $0.78 and $0.92. For FY23, GAAP EPS is estimated to be between $2.60 and $2.90, and non-GAAP EPS between $3.30 and $3.60. The company also anticipates generating free cash flow in the range of $3.1 to $3.6 billion.
The earnings estimates provided by HP are generally in line with or slightly above market expectations, which is likely to have a positive short-term impact on the stock price. The forecasted free cash flow also adds to the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100