4 Reasons Why Hewlett Packard Investors Should Be Positive Into Q3 Earnings: Analyst
Portfolio Pulse from Michael Juliano
Hewlett Packard Enterprise (HPE) is expected to perform well in its upcoming Q3 earnings report due to strong AI demand, recovery in infrastructure, and networking equipment demand. JPMorgan forecasts higher-than-consensus revenue and EPS for HPE, indicating potential upward revisions. HPE's stock is trading at a low multiple, making it attractive to investors.
September 03, 2024 | 6:44 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
IShares Focused Value Factor ETF, which holds HPE, fell 1.2%. The ETF's performance may be indirectly influenced by HPE's upcoming earnings.
DIVL holds HPE, and its performance could be indirectly affected by HPE's earnings. However, the direct impact on DIVL is limited as it is a diversified ETF.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
First Trust S&P 500 Diversified Free Cash Flow ETF, which holds HPE, gained 1.06%. The ETF's performance may be indirectly influenced by HPE's upcoming earnings.
FCFY holds HPE, and its performance could be indirectly affected by HPE's earnings. However, the direct impact on FCFY is limited as it is a diversified ETF.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
Fidelity Cloud Computing ETF, which holds HPE, dropped 1.87%. The ETF's performance may be indirectly influenced by HPE's upcoming earnings.
FCLD holds HPE, and its performance could be indirectly affected by HPE's earnings. However, the direct impact on FCLD is limited as it is a diversified ETF.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
IShares Focused Value Factor ETF, which holds HPE, picked up 0.79%. The ETF's performance may be indirectly influenced by HPE's upcoming earnings.
FOVL holds HPE, and its performance could be indirectly affected by HPE's earnings. However, the direct impact on FOVL is limited as it is a diversified ETF.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
NEUTRAL IMPACT
First Trust S&P 500 Diversified Dividend Aristocrats ETF, which holds HPE, slipped 0.79%. The ETF's performance may be indirectly influenced by HPE's upcoming earnings.
KNGZ holds HPE, and its performance could be indirectly affected by HPE's earnings. However, the direct impact on KNGZ is limited as it is a diversified ETF.
CONFIDENCE 80
IMPORTANCE 20
RELEVANCE 30
POSITIVE IMPACT
Hewlett Packard Enterprise is expected to report strong Q3 earnings due to robust AI demand, infrastructure recovery, and networking equipment demand. JPMorgan forecasts higher revenue and EPS than consensus, suggesting potential upward revisions.
The article highlights several positive factors for HPE, including strong AI demand and infrastructure recovery, which are expected to drive better-than-expected Q3 earnings. JPMorgan's forecast of higher revenue and EPS than consensus further supports a positive outlook for HPE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100