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Friday, September 1, 2017

Hewlett Packard (HPE) to Post Q3 Earnings: A Miss in Store?

#HewlettPackard Enterprise Company #HPE is set to report third-quarter fiscal 2017 results on Sep 5. The company posted a negative earnings surprise of 28.6% in the last quarter. Notably, Hewlett Packard has a mixed surprise history, beating the Zacks Consensus Estimate twice, missing the same in one occasion and matching in the other. It has an average negative earnings surprise of 4.4%. Factors to Consider Lower demand for servers at the enterprise and SMB segments due to the presence of virtualization and cloud options makes us slightly cautious about Hewlett Packard’s near-term prospects. Notably, per the latest report from Gartner and IDC, server shipments declined for the fifth straight quarter in first-quarter 2017.

https://www.google.com/amp/s/www.yahoo.com/amphtml/finance/news/hewlett-packard-hpe-post-q3-140002355.html#ampshare=https://finance.yahoo.com/news/hewlett-packard-hpe-post-q3-140002355.html

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