Hewlett-Packard Company Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Hewlett-Packard Company (NYSE:HPQ) will unveil its latest earnings on Thursday, August 18, 2011. Hewlett-Packard Company provides products, technologies, software and services to individual consumers, businesses and large enterprises, including customers in the government.

Investing Insights:¬†Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Hewlett-Packard Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.10 per share, a rise of 1.9% 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 $1.23. Between one and three months ago, the average estimate moved down, but has risen from $1.09 during the last month. For the year, analysts are projecting net income of $5.01 per share, a rise of 9.4% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $1.24 per share versus a mean estimate of net income of $1.21 per share.

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

Wall St. Revenue Expectations: On average, analysts predict $31.19 billion in revenue this quarter, a rise of 1.5% from the year ago quarter. Analysts are forecasting total revenue of $129.17 billion for the year, a rise of 2.5% from last year’s revenue of $126.03 billion.

Analyst Ratings: Analysts are bullish on Hewlett-Packard Company as 17 analysts rate it as a buy, two rate it as a sell and 15 rate it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 4.7% while it rose 15.8% in the first quarter and 3.7% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 2.5% to $31.63 billion in second quarter. The figure rose 3.6% in the first quarter from the year earlier, climbed 7.5% in the fourth quarter of the last fiscal year from the year-ago quarter and 11.9% in the third 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 May 18, 2011 to August 12, 2011, the stock price had fallen $4.05 (-11.1%) from $36.37 to $32.32. 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% (+$2.61) 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% (-$5.74) over that span. Shares are down $9.56 (-22.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.