HP (HPQ) Beats Stock Market Upswing: What Investors Need to Know

In the latest trading session, HP (HPQ) closed at $25.39, marking a +0.44% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.06%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq depreciated by 0.1%.Coming into today, shares of the personal computer and printer maker had lost 9.39% in the past month. In that same time, the Computer and Technology sector lost 5.52%, while the S&P 500 lost 4.29%.The investment community will be paying close attention to the earnings performance of HP in its upcoming release. It is anticipated that the company will report an EPS of $0.80, marking a 2.44% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $13.36 billion, reflecting a 4.34% rise from the equivalent quarter last year.HPQ's full-year Zacks Consensus Estimates are calling for earnings of $3.39 per share and revenue of $54.23 billion. These results would represent year-over-year changes of +0.3% and +1.26%, respectively.Investors should also take note of any recent adjustments to analyst estimates for HP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.46% decrease. HP is currently sporting a Zacks Rank of #4 (Sell).In terms of valuation, HP is currently trading at a Forward P/E ratio of 7.46. Its industry sports an average Forward P/E of 9.9, so one might conclude that HP is trading at a discount comparatively.It is also worth noting that HPQ currently has a PEG ratio of 2.69. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Computer - Micro Computers industry stood at 1.55 at the close of the market yesterday.The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 192, finds itself in the bottom 23% echelons of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow HPQ in the coming trading sessions, be sure to utilize Zacks.com.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks