Hewlett Packard Enterprise Co. (NYSE:HPE) on Monday posted better-than-expected first-quarter earnings.
Hewlett Packard reported quarterly earnings of 65 cents per share, which beat the consensus estimate of 55 cents, according to Benzinga Pro data. Quarterly revenue came in at $9.301 billion, which just missed the Street estimate of $9.337 billion and was up from $7.85 billion in the same period last year.
“HPE delivered a strong first quarter, outperforming in our networking business and posting one of our most profitable quarters on record,” said Antonio Neri, president and CEO of HPE.
Hewlett Packard raised its fiscal 2026 adjusted EPS guidance to $2.30 to $2.50, versus the $2.35 analyst estimate, and affirmed its revenue outlook in a range of $40.13 billion to $41.84 billion, versus the $40.83 billion estimate.
Hewlett Packard shares slipped 0.1% to trade at $21.80 on Tuesday.
These analysts made changes to their price targets on Hewlett Packard following earnings announcement.
- B of A Securities analyst Wamsi Mohan maintained the stock with a Buy and raised the price target from $29 to $32.
- Morgan Stanley analyst Meta Marshall maintained the stock with an Equal-Weight rating and raised the price target from $23 to $25.
Considering buying HPE stock? Here’s what analysts think:
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