Hewlett-Packard Company (NYSE:HPQ) is expected to report earnings for last fiscal quarter after the closing bell on November 21, 2011.
Hewlett-Packard Company offers various products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. The company was founded in 1939 and is headquartered in Palo Alto, California. HPQ trades an average of 17.5 million shares per day.
52-Week High: $49.39
52-Week Low: $21.50
Book Value: $19.39
Float Short: 0.99%
Analysts are expecting an improvement of $0.03 in earnings per share compared to last quarter's results of $1.10. Investors will be looking to see a number north of $1.13 per share, based on the earnings estimates. Analyst estimates range between $1.10 and $1.18 per share.
In the last month, the stock has increased in price 10.31%, with a one-year change of -33.39%. When comparing to the S&P 500, the year-to-date difference is -32.97%. I am very bullish with HP. I have been long for a while, and my prefered method is by shorting put options. HP is a unique company because I would normally take a stop loss and move on, as I shorted $40 puts six months ago. As a result, I am underwater, with an average price near $35 per share. Based on PE and price to book, I believe most of the price fall is due to emotion rather than long-term "strong hands" changing opinion. I see HP fully recovering in the first quarter next year.
For the same fiscal period year-over-year, revenue has improved to $126.03 billion for 2010 vs. $114.55 billion for 2009. The bottom line has rising earnings year-over-year of $8.76 billion for 2010 vs. $7.66 billion for 2009. The company's earnings before interest and taxes are rising, with an EBIT year-over-year of $11.48 billion for 2010 vs. $10.14 billion for 2009.
Here is a look at the fiscal year revenue:
Gross reported revenue compared to the mean estimate (rounded):
|Fiscal Quarter Ending Month-Year||Revenue Estimates||Actual||$ Difference||Difference %|
|Jul-11||$ 31.25 B||$ 31.19 B||$ -58.10 M||-0.19%|
|Apr-11||$ 31.59 B||$ 31.63 B||$ 38.50 M||0.12%|
|Jan-11||$ 32.96 B||$ 32.30 B||$ -659.30 M||-2%|
|Oct-10||$ 32.74 B||$ 33.28 B||$ 538.30 M||1.64%|
|Jul-10||$ 30.39 B||$ 30.73 B||$ 335.60 M||1.1%|
M = millions, B = billion.
Differences are rounded.
Some one-time items are often excluded in reported EPS.
Reported earnings per share compared to the mean estimate. Differences are rounded.
The total short interest number of shares for HPQ:
The number of days to cover short interest based on average daily trading volume for HPQ:
I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the confirmed symbols from earnings.com that I believe to be of the most interest.
Disclosure: I am long HPQ.