Like IBM, Can HP Surprise With a Beat?
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Get Alerts HPQ Hot Sheet
Price: $29.19 -1.75%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
Revenue Growth %: +2.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.1%
Revenue Growth %: +2.9%
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Shares of Hewlett-Packard Company (NYSE: HPQ) are 2% higher today on the view that, like IBM (NYSE: IBM), HP can buck the trend of earnings misses and warnings from tech companies.
After the close, IBM surprised the Street with better than expected Q4 results and guidance. IBM reported Q4 EPS of $3.28, 25 cents better than the analyst estimate of $3.03. Revenue for the quarter was $27 billion, versus the consensus of $28.15 billion.
HP reports its first quarter results on February 18th.
HP sees Q1 sales of $32-$32.5 billion and non-GAAP EPS of $0.93-$0.95. The Street consensus is $32.16 billion and $0.93, respectively. For FY09, HP sees sales of $127.5-$130 billion and non-GAAP EPS of $3.88-$4.03, versus the Street estimates of $127.8 billion and EPS of $3.84.
IBM's strong results and guidance shows that, even in this horrible economy, people and business are still spending on select technologies. What was thought to be impossible - a beat and raise - is now possible. This is a good sign for HP investors.
After the close, IBM surprised the Street with better than expected Q4 results and guidance. IBM reported Q4 EPS of $3.28, 25 cents better than the analyst estimate of $3.03. Revenue for the quarter was $27 billion, versus the consensus of $28.15 billion.
HP reports its first quarter results on February 18th.
HP sees Q1 sales of $32-$32.5 billion and non-GAAP EPS of $0.93-$0.95. The Street consensus is $32.16 billion and $0.93, respectively. For FY09, HP sees sales of $127.5-$130 billion and non-GAAP EPS of $3.88-$4.03, versus the Street estimates of $127.8 billion and EPS of $3.84.
IBM's strong results and guidance shows that, even in this horrible economy, people and business are still spending on select technologies. What was thought to be impossible - a beat and raise - is now possible. This is a good sign for HP investors.
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