Hewlett Packard Enterprise Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Hewlett Packard Enterprise (NYSE:HPE) is expected to report lower Q2 earnings, with analysts forecasting 39 cents per share, down from 52 cents a year ago. Revenue is projected at $6.82 billion. Recent analyst ratings show mixed sentiments, with some raising and others lowering price targets.
June 04, 2024 | 2:39 pm
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Hewlett Packard Enterprise is expected to report lower Q2 earnings at 39 cents per share, down from 52 cents a year ago. Revenue is projected at $6.82 billion. Analysts have mixed ratings, with some raising and others lowering price targets.
The expected lower earnings and mixed analyst ratings suggest a potential negative short-term impact on HPE's stock price. The reduction in earnings per share and the varied price targets indicate uncertainty and potential investor caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100