HP Tightens FY24 Adj Net EPS Outlook From $3.30 - $3.60 To $3.35 - $3.45 (Est $3.45)
Portfolio Pulse from Benzinga Newsdesk
HP has adjusted its fiscal year 2024 adjusted net EPS outlook to a range of $3.35 to $3.45, slightly narrowing from the previous range of $3.30 to $3.60. The company also expects to generate free cash flow between $3.1 billion and $3.6 billion.
August 28, 2024 | 8:21 pm
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HP has revised its FY24 adjusted net EPS outlook to $3.35-$3.45, slightly narrowing the range. The company also projects free cash flow of $3.1-$3.6 billion.
The narrowing of the EPS range suggests a more precise forecast, which can be seen as a positive sign of confidence in meeting targets. However, the midpoint of the new range is slightly below the estimated $3.45, which may neutralize the impact. The free cash flow projection remains strong, supporting the company's financial health.
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