Hewlett Packard Enterprise (HPE) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Hewlett Packard Enterprise (HPE) driven by higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The earnings report is expected on December 5, 2024, with a consensus EPS estimate of $0.55, reflecting a +5.8$8.23 billion, marking a 12% increase from the previous year [4]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.41% over the last 30 days, indicating a reassessment by analysts [5]. - The Most Accurate Estimate for HPE is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.51% [11][12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9]. - HPE currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [13]. Historical Performance - HPE has consistently beaten consensus EPS estimates, achieving this in the last four quarters [15]. - In the last reported quarter, HPE exceeded expectations by delivering earnings of $0.50 per share against an expected$0.46, resulting in a surprise of +8.70% [14]. Conclusion - HPE is positioned as a compelling candidate for an earnings beat, but other factors should also be considered before making investment decisions [18].