{"id":86953,"date":"2023-11-21T02:05:44","date_gmt":"2023-11-21T07:05:44","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/hp-reports-earnings-tuesday-one-analyst-says-buy-the-stock-now\/"},"modified":"2023-11-21T02:05:45","modified_gmt":"2023-11-21T07:05:45","slug":"hp-reports-earnings-tuesday-one-analyst-says-buy-the-stock-now","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=86953","title":{"rendered":"HP Reports Earnings Tuesday. One Analyst Says Buy the Stock Now."},"content":{"rendered":"
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The PC and printer company
\n HP
\n reports October-quarter earnings after the close of trading on Tuesday. At least one analyst suggests investors ought to own the stock ahead of the announcement.<\/p>\n

Evercore ISI analyst Amit Daryanani over the weekend added HP stock (ticker: HPQ) to his firm\u2019s \u201ctactical outperform list,\u201d while keeping his longer-term In\u00a0Line rating on the stock. \u201cWe think HP is well-positioned to report upside to current street models for the October quarter driven by PCs,\u201d he writes in a research note.<\/p>\n

\n

The analyst thinks HP is positioned to report upside to October quarter consensus, which sits at sales of $13.8 billion and adjusted profits of 91 cents a share, according to FactSet. Daryanani writes that he is \u201cconstructive on PCs\u201d despite macroeconomic pressures. The company\u2019s guidance called for fiscal-fourth-quarter profits per share of 85 cents to 97 cents.<\/p>\n

At a meeting with analysts in October, HP said it expects earnings for the October 2024 fiscal year to range between $3.25 and $3.65 a share. He thinks that guidance could provide to be conservative. \u201cWe think HP is likely to show PC upside and a path to recovery,\u201d which he contends will overcome potential macro headwinds in the company\u2019s print business.<\/p>\n

HP stock on Monday is 0.9% lower at $28.06.<\/p>\n

Write to Eric J. Savitz at eric.savitz@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The PC and printer company HP reports October-quarter earnings after the close of trading on Tuesday. At least one analyst suggests investors ought to own the stock ahead of the announcement. Evercore ISI analyst Amit Daryanani over the weekend added HP stock (ticker: HPQ) to his firm\u2019s \u201ctactical outperform list,\u201d while keeping his longer-term In\u00a0Line […]<\/p>\n","protected":false},"author":1,"featured_media":86954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-86953","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nHP Reports Earnings Tuesday. 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