HP Inc Up 1.26% To $39.33 After Earnings Beat

Wednesday, June 1, 2022 - HP Inc (HPQ) reported upside earnings and revenues today. The consensus among analysts for HP Inc was for an earnings per share (EPS) of $1.05. The firm was able to surpass those projections, reporting an EPS of $1.08, a positive surprise of $0.03 (3%). Profits rose 16% year-over-year after reporting an EPS of $0.93 in its year-ago quarter. The positive growth rate signals that the Technology company is performing well amid recent economic conditions. Revenues were upbeat at $16.5 billion. That is an increase of 3.86% in revenues from the year-ago report and is 1.98% higher than consensus estimates set at $16.2 billion.

The stock is up 1.26% to $39.33 after the report.

HP Inc's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

HP Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 95, putting HP Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $41.47 on April 7, 2022 and set a 52-week low on October 13, 2021 at $26.11.

HP Inc. is a leading provider of computers, printers, and printer supplies. The company's three operating business segments are its personal systems, containing notebooks, desktops, and workstations; and its printing segment which contains supplies, consumer hardware, and commercial hardware; and corporate investments. In 2015, Hewlett-Packard was separated into HP Inc. and Hewlett Packard Enterprise and the Palo Alto, California-based company sells on a global scale.