HPQ reported Q4 earnings missing estimates, weak guidance for 2025, stock dropped 7.44% after-hours.

From Nasdaq: 2024-11-27 09:57:00

HP Inc. (HPQ) reported Q4 fiscal 2024 earnings of 93 cents per share, missing estimates by 1.1% but up 3.3% YoY. Revenues of $14.06 billion saw a 1.7% YoY increase but missed estimates. HPQ shares dropped 7.44% after-hours. PS revenues rose 2.1%, while printing business revenue increased 0.8%. Operating margins fluctuated, with PS down 100 bps and printing up 70 bps. Cash flow was $1.5 billion.

HPQ provided weak guidance for Q1 and fiscal 2025, with non-GAAP EPS estimates below expectations. The company expects non-GAAP EPS between 70-76 cents for Q1 and $3.06-$3.36 for FY25. Free cash flow for fiscal 2025 is projected to be $3.2-$3.6 billion. HPQ currently holds a Zacks Rank #3 (Hold). For better-performing stocks, consider NVDA, APH, and CLS with Zacks Rank #2 (Buy)._NVDA’s 2025 earnings estimate was revised to $2.93 per share, a 111% YoY decline. APH’s 2024 earnings are estimated at $1.17 per share, a 58% YoY increase. CLS’s 2024 earnings are forecasted at $3.85 per share, a 58.4% YoY increase. All three stocks have shown significant growth in 2024.



Read more at Nasdaq: HPQ Q4 Earnings Miss: Will Weak Guidance Drag the Stock Down?