Hewlett-Packard Company Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Hewlett-Packard Company (NYSE:HPQ) will unveil its latest earnings on Monday, November 21, 2011. Hewlett-Packard provides products, technologies, software and services to individual consumers, businesses and large enterprises, including customers in the government.

Hewlett-Packard Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.13 per share, a decline of 15% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.32. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.13 during the last month. Analysts are projecting profit to rise by 5.7% versus last year to $4.84.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported net income of $1.10 per share versus a mean estimate of profit of $1.10 per share. In the second quarter, the company beat estimates by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $32.1 billion in revenue this quarter, a decline of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $127.19 billion for the year, a rise of 0.9% from last year’s revenue of $126.03 billion.

Analyst Ratings: Analysts are bullish on Hewlett-Packard Company as eight analysts rate it as a buy, six rate it as a sell and 13 rate it as a hold.

A Look Back: In the third quarter, profit rose 8.6% to $1.93 billion (93 cents a share) from $1.77 billion (75 cents a share) the year earlier, meeting analyst expectations. Revenue rose 1.5% to $31.19 billion from $30.73 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 4.7% in the second quarter and 15.8% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 2.5% in the second quarter from the year earlier, climbed 3.6% in the first quarter from the year-ago quarter and 7.5% in the fourth quarter of the last fiscal year.

Competitors to Watch: Dell Inc. (NASDAQ:DELL), Apple Inc. (NASDAQ:AAPL), Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Cisco Systems, Inc. (NASDAQ:CSCO), Intl. Business Machines Corp. (NYSE:IBM), EMC Corporation (NYSE:EMC), Super Micro Computer, Inc. (NASDAQ:SMCI), RadiSys Corporation (NASDAQ:RSYS), and Silicon Graphics Intl. Corp (NASDAQ:SGI).

Stock Price Performance: During September 20, 2011 to November 15, 2011, the stock price had risen $5.77 (25.7%) from $22.47 to $28.24. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 7, 2011 when shares rose for seven-straight days, rising 5.8% (+$2.60) over that span. It saw one of its worst periods between May 10, 2011 and May 23, 2011 when shares fell for 10-straight days, falling 13.9% (-$5.71) over that span. Shares are down $13.41 (-32.2%) year to date.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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