HP Inc. Tightens The Belt: Mixed Q3 Results And Cautious FY24 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Source: Benzinga
Financial Performance: HP Inc. reported a 2.4% year-over-year increase in net revenue to $13.52 billion, with Personal Systems segment revenue rising by 5%, while Printing segment revenue fell by 3%. Adjusted EPS declined by 3% to $0.83, missing expectations.
Shareholder Returns and Outlook: The company returned $0.9 billion to shareholders through dividends and buybacks, increasing its share repurchase authorization to $10 billion. For the fourth quarter, HP expects adjusted EPS between $0.89 and $0.99, tightening its FY24 outlook for adjusted EPS to $3.35 – $3.45.
Analyst Views on WLDR
Wall Street analysts forecast WLDR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WLDR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
