Hewlett-Packard Earnings results Q3 estimated report 8/22/2012

Hewlett-Packard Earnings results Q3 estimated report 8/22/2012 : Analysts have become increasingly bullish on Hewlett-Packard (HPQ) in the month leading up to the company’s third quarter earnings announcement scheduled for Wednesday, August 22, 2012. The consensus earnings per share estimate has moved up from 97 cents a share to the current expectation of earnings of 99 cents a share.

Current Wall Street estimates reflect a 10% decline from the year-ago quarter, when the company reported earnings of $1.10 per share.

The consensus estimate has decreased from $1.02 over the past three months. Analysts are expecting earnings of $4.06 per share for the fiscal year. Analysts project revenue to fall 3.3% year-over-year to $30.15 billion for the quarter, after being $31.19 billion a year ago. For the year, revenue is projected to roll in at $122.61 billion.

The company has reported decreasing profit for three quarters in a row. In second quarter, net income fell 30.9% from the year earlier, while the figure fell 43.6% in the first quarter and 90.6% in the fourth quarter of the last fiscal year.

Revenue has dipped in each of the last three quarters. The year-over-year drop in revenue was 3% in second quarter. Prior to that, revenue fell 7% in first quarter and 3.5% in the fourth quarter of the last fiscal year year-over-year.

Most analysts think investors should stand pat on Hewlett-Packard, with 12 of 24 analysts rating it hold.

Earnings estimates provided by Zacks.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

earnings reports

• Alcoa Inc earning per share $0.06 revenues of $5.9 billion
• Alcoa Inc.earnings estimates report january 8 2013
• Analysis Easyjet dividend profit margins jump
• AMD Q3 Revenue expected down 2012
• Discover Financial Services (DFS) earnings estimates report september 27 2012
• Walgreen (WAG) earnings estimates report september 28 2012
• Red Hat earnings estimates report september 24 2012
• earnings report to watch september 10 2012
• Pandora Media earnings report august 30 2012
• Vivendi earnings report august 30 2012
• Earnings Report to watch 8/30/2012
• FDIC insured banks earnings report august 29 2012
• JoS. A. Bank Clothiers earnings report august 29 2012
• Zumiez earnings estimate report august 30 2012
• Frontline Q2 Earnings Conference Calls August 29, 2012
• Star Bulk Carriers Conference Call Q2 august 29 2012
• Pandora Media Q2 earnings estimates report August 29, 2012
• Companies Earning report week 27- 31 august 2012
• Dell Earnings results Q2 estimated report 8/21/2012
• earnings report to watch week 20-25 August 2012
• Walmart Earnings per share forecast 2013
• Walmart Q2 Earning Report 8/16/2012
• Sysco Corp Earning estimates report 8/13/2012
• Groupon Earning estimates report 8/13/2012