Hewlett-Packard (HPQ) : Earnings Whisper

Hewlett-Packard Company (HPQ) is scheduled to report third-quarter 2015 results after the market close today. The Street has consensus estimates of $0.85 in earnings per share and $25.44 billion in revenue. In the second-quarter of the previous year, the Palo Alto, Calif.-based multinational IT company posted $0.89 in EPS and $27.6 billion in revenue. Meanwhile, Earningswhispers.com expects HP to report earnings per share of $0.86.

As a quick reminder, Hewlett-Packard reported 2Q/15 EPS of $0.87, $0.01 better than the Street’s consensus estimate. Revs declined 6.60% year-over-year to $25.5 billion versus the $25.68 billion consensus.

On valuation measures, Hewlett-Packard Co. shares are priced at 11.06x this year’s forecasted earnings, compared to the industry’s 12.84x earnings multiple. The company’s current year and next year EPS growth estimates stand at (2.7%) and 4.10% compared to the industry growth rates of (7.5%) and 14.90%, respectively. HPQ has a t-12 price-to-sales ratio of 0.47. EPS for the same period registers at $2.51.

HPQ shares have declined 6.77% in the last 4 weeks and 14.54% in the past three months. Over the past 5 trading sessions the stock has lost 3.17%. The $50.13 billion market cap company has a median Wall Street price target of $40.00 with a high target of $45.00.

Hewlett-Packard Co. is down 18.16% year-over-year, compared with a 5.56% gain in the S&P 500.

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