Hewlett Packard Enterprise Co (NYSE: HPE) has reported earnings for its first fiscal quarter (ending January 31) of $0.30 versus $0.39 for the same period a year ago — a decline of -23%. This result fell short of the consensus estimate of $0.48 by $-0.18. For the latest four quarters through January 31, E.P.S. were $1.48 versus $0.66 for the same period a year ago — an increase of 124%.
Recent Price Action
On 2/29/24, Hewlett Packard Enterprise Co (NYSE: HPE) stock enjoyed a large increase of 2.5%, closing at $15.23. Moreover, exceptionally high trading volume at 246% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
HPE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Hewlett Packard Enterprise has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hewlett Packard Enterprise has a good Appreciation Score of 78 but a slightly negative Power Rating of 38, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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