Jefferies Sees Solid Upcoming Q1 Results from HP (HPQ)
Get Alerts HPQ Hot Sheet
Price: $29.94 -1.58%
Rating Summary:
16 Buy, 20 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 8 | Down: 2 | New: 35
Rating Summary:
16 Buy, 20 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 8 | Down: 2 | New: 35
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Jefferies commented on Hewlett-Packard (NYSE: HPQ) ahead of Q1 results on February 22nd, after the market closes. The firm sees a solid quarter.
The analyst states, "We believe both Dell (Nasdaq: DELL) and HPQ had solid quarters relative to their guidance due to: 1) limited HDD impact; 2) data center demand helping their enterprise businesses; 3) Okay service bookings. The worst-case scenario of a substantial CQ1 HDD shortfall now appears unlikely. We expect relatively optimistic guidance from Dell and HP."
Jefferies maintained a Buy rating and $35 price target on HPQ. The firm's Q1 EPS estimate remains at $0.89, just above the consensus of $0.87.
For an analyst ratings summary and ratings history on Hewlett-Packard click here. For more ratings news on Hewlett-Packard click here.
Shares of Hewlett-Packard closed at $29.08 yesterday.
The analyst states, "We believe both Dell (Nasdaq: DELL) and HPQ had solid quarters relative to their guidance due to: 1) limited HDD impact; 2) data center demand helping their enterprise businesses; 3) Okay service bookings. The worst-case scenario of a substantial CQ1 HDD shortfall now appears unlikely. We expect relatively optimistic guidance from Dell and HP."
Jefferies maintained a Buy rating and $35 price target on HPQ. The firm's Q1 EPS estimate remains at $0.89, just above the consensus of $0.87.
For an analyst ratings summary and ratings history on Hewlett-Packard click here. For more ratings news on Hewlett-Packard click here.
Shares of Hewlett-Packard closed at $29.08 yesterday.
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