HP Inc. (HPQ) Tops Q3 EPS by 16c, Offers Q4 Guidance
HP Inc. (NYSE: HPQ) reported Q3 EPS of $1.00, $0.16 better than the analyst estimate of $0.84. Revenue for the quarter came in at $15.29 billion versus the consensus estimate of $15.91 billion.
GUIDANCE:
HP Inc. sees Q4 2021 EPS of $0.84-$0.90, versus the consensus of $0.81.
- For the fiscal 2021 fourth quarter, HP estimates GAAP diluted net EPS to be in the range of $0.82 to $0.88 and non-GAAP diluted net EPS to be in the range of $0.84 to $0.90. Fiscal 2021 fourth quarter non-GAAP diluted net EPS estimates exclude $0.02 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, amortization of intangible assets, non-operating retirement-related (credits)/charges, tax adjustments and the related tax impact on these items.
- For fiscal 2021, HP estimates GAAP diluted net EPS to be in the range of $3.56 to $3.62 and non-GAAP diluted net EPS to be in the range of $3.69 to $3.75. Fiscal 2021 non-GAAP diluted net EPS estimates exclude $0.13 per diluted share, primarily related to restructuring and other charges, acquisition-related charges, amortization of intangible assets, non-operating retirement-related (credits)/charges, debt extinguishment costs, tax adjustments and the related tax impact on these items. For fiscal 2021, HP anticipates generating free cash flow of at least $4.0 billion.
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