HP (NYSE: HPQ) is scheduled to reveal its financial results for the third quarter on Wednesday 28th August 2024. This disclosure will take place after market close, providing investors with significant information regarding the company’s performance in the last three months period.
According to the forecasts of financial experts on Wall Street, the establishment is expected to reveal an anticipated $0.86 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $13.38 billion.
The company’s yearly performance has been analyzed by Wall Street analysts, who have projected a total revenue of $53.62 billion. Additionally, they are expecting the company to achieve a per share profit of $3.45 for the fiscal year 2024.
The per-share income of $0.86 was highlighted in the company’s earnings report for the same quarter of the prior year. This notable figure was achieved due to the company’s impressive total revenue of REVbPRE recorded during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q2 2024 | $0.82 | +2.5% | 12.80 B | -0.9% |
| Q1 2024 | $0.81 | +8.0% | 13.19 B | -4.6% |
| Q4 2023 | $0.90 | +5.9% | 13.82 B | -6.6% |
| Q3 2023 | $0.86 | -17.3% | 13.20 B | -10.0% |
*Growth on year-over-year basis
The business has scheduled a conference call on 28th August 2024 at 05:00 PM eastern time to discuss Q3 financial results.
Throughout Friday’s trading, HP (HPQ) shares fluctuated between $35.32 and $36.17, with a trading volume of 6.32 million shares. The stock ended the regular trading session at $35.66, indicating a gain of 1.65 percent.
