Hewlett-Packard (NYSE: HPQ ) is expected to report Q3 earnings on Aug. 22. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Hewlett-Packard's revenues will decrease -3.2% and EPS will wane -10.9%.
The average estimate for revenue is $30.19 billion. On the bottom line, the average EPS estimate is $0.98.
Last quarter, Hewlett-Packard logged revenue of $30.69 billion. GAAP reported sales were 3.0% lower than the prior-year quarter's $31.63 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.98. GAAP EPS of $0.80 for Q2 were 24% lower than the prior-year quarter's $1.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 23.3%, 140 basis points worse than the prior-year quarter. Operating margin was 7.5%, 240 basis points worse than the prior-year quarter. Net margin was 5.2%, 210 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $122.68 billion. The average EPS estimate is $4.06.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 3,439 members out of 3,778 rating the stock outperform, and 339 members rating it underperform. Among 765 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 694 give Hewlett-Packard a green thumbs-up, and 71 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hewlett-Packard is hold, with an average price target of $30.29.
Can your retirement portfolio provide you with enough income to last? You'll need more than Hewlett-Packard. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Hewlett-Packard to My Watchlist.