For the quarter ended July 2024, Hewlett Packard Enterprise (HPE) reported income of $7.71 billion, up 10.1% over the identical interval final yr. EPS got here in at $0.50, in comparison with $0.49 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $7.67 billion, representing a shock of +0.56%. The corporate delivered an EPS shock of +8.70%, with the consensus EPS estimate being $0.46.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders challenge a inventory’s worth efficiency extra precisely.
Right here is how Hewlett Packard Enterprise carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
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Income- Monetary Providers
: $879 million versus $881.93 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +0.7% change.
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Income- Company Investments and different
: $262 million versus $250.48 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -17.6% change.
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Income – Hybrid Cloud
: $1.30 billion in comparison with the $1.32 billion common estimate primarily based on three analysts.
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Income- Clever Edge
: $1.12 billion versus the three-analyst common estimate of $1.13 billion. The reported quantity represents a year-over-year change of -20.8%.
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Income – Server
: $4.28 billion versus $4.20 billion estimated by three analysts on common.
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Elimination of intersegment web income and different
: -$132 million in comparison with the -$127.97 million common estimate primarily based on three analysts. The reported quantity represents a change of -4.4% yr over yr.
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Earnings from Operations- Monetary Providers
: $79 million versus $79.19 million estimated by two analysts on common.
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Earnings from Operations- Company Investments and different
: -$4 million in comparison with the -$23.56 million common estimate primarily based on two analysts.
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Earnings from Operations- Hybrid Cloud
: $66 million versus the two-analyst common estimate of $131.70 million.
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Earnings from Operations- Server
: $464 million versus the two-analyst common estimate of $451.99 million.
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Earnings from Operations- Clever Edge
: $251 million in comparison with the $248.67 million common estimate primarily based on two analysts.
View all Key Company Metrics for Hewlett Packard Enterprise here>>>
Shares of Hewlett Packard Enterprise have returned +10.5% over the previous month versus the Zacks S&P 500 composite’s +3.6% change. The inventory presently has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
