HP (HPQ) Stock Drops Despite Market Gains: Important Facts to Note
View original at finance.yahoo.comHP (HPQ) Stock Drops Despite Market Gains: Important Facts to Note In the latest trading session, HP (HPQ) closed at $21.67, marking a -4.45% move from the previous day…
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The Computer - Micro Computers industry holds a Zacks Industry Rank of 20, placing it in the top 9% of all 250+ industries tracked.
60% confidenceHP stock climbed 24.21% in the past month, outperforming the Computer and Technology sector gain of 19.09% and the S&P 500 gain of 9.13%.
60% confidenceHP's consensus revenue estimate for the upcoming quarter is $14.05 billion, indicating a 6.26% upward movement from the same quarter last year.
60% confidenceRecent analyst estimate revisions tend to reflect near-term business trends and are directly correlated with near-term share price momentum.
60% confidenceZacks Consensus Estimates forecast HP full-year FY2026 earnings of $2.84 per share, a change of -8.97% versus the prior year.
60% confidenceZacks Consensus Estimates forecast HP full-year FY2026 revenue of $56.83 billion, a change of +2.77% versus the prior year.
60% confidenceHP is forecasted to report an EPS of $0.71 for the upcoming quarter, showing no movement from the corresponding quarter of the prior year.
60% confidenceHPQ has a PEG ratio of 6.3, well above the Computer - Micro Computers industry average PEG of 1.98.
60% confidenceHP is trading at a Forward P/E ratio of 8, a significant discount to the industry average Forward P/E of 17.32.
60% confidenceHP presently holds a Zacks Rank of #3 (Hold), with no change in the Zacks Consensus EPS estimate over the past month.
60% confidenceZacks Rank #1 (Strong Buy) stocks have generated an average annual return of +25% since 1988, based on outside-audited track record.
60% confidence