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What to Expect from Hewlett Packard Enterprise in Fiscal 1Q18

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What to Expect from Hewlett Packard Enterprise in Fiscal 1Q18 PART 1 OF 6

Will HPE Beat Analyst Estimates in Fiscal 1Q18?

Revenue of $7.1 billion expected in fiscal 1Q18

Hewlett Packard Enterprise (HPE) plans to announce its fiscal 1Q18 results on February 22, 2018. Analysts expect it to post revenues of $7.1 billion for the quarter. Wall Street has a low revenue estimate of $6.8 billion and a high estimate of $7.3 billion for fiscal 1Q18. If HPE meets the average revenue estimate of $7.1 billion, it would mean a YoY (year-over-year) fall of 38% compared to $11.4 billion in fiscal 1Q17. This revenue decline is due to the divesture and spin-off of HPE’s business verticals.

Analysts expect HPE to post non-GAAP (generally accepted accounting principles) EPS (earnings per share) of $0.22 with a low estimate of $0.20 and a high estimate of $0.24. In fiscal 1Q17, HPE reported EPS of $0.45.

Will HPE Beat Analyst Estimates in Fiscal 1Q18?

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HPE beat earnings estimates in three of the last four quarters

As you can see in the chart above, HPE has beaten analysts’ average EPS estimates in three of the last four quarters. It posted EPS of $0.31 in fiscal 4Q17, beating the estimate of $0.28 by 10.7%. It posted EPS of $0.30 and $0.45 in fiscal 3Q17 and fiscal 1Q17, respectively, beating estimates by 15.4% and 2.3%, respectively.

HPE has a market cap of $24.7 billion. Among peers, VMware (VMW), IBM (IBM), Nokia (NOK), and Juniper (JNPR) have market caps of $48 billion, $139 billion, $32 billion, and $9.8 billion, respectively.

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