BUZZ-PREVIEW: HP shares edge up; results due after the closing bell

Reuters
Feb 25
BUZZ-PREVIEW: HP shares edge up; results due after the closing bell 

** Shares of HP Inc HPQ.N are up 0.1% in afternoon trading on Tuesday, with the company seen reporting higher rev and EPS in its qtrly results due after the closing bell

** The PC and printer maker is expected to post Q1 rev of $13.94 bln vs $13.50 bln in the yr ago period, and adjusted EPS of 76c vs 74c a yr ago, per LSEG

** The company has beaten or met analysts' earnings expectations in six of the past eight reporting periods, based on LSEG data

** HP earlier this month named Bruce Broussard as its interim CEO, succeeding Enrique Lores, who stepped down as president and CEO and as a member of the board to pursue another professional opportunity

** Wall Street's median 12-mo price target for HP is $22; the stock was last at $18.37

** Analyst recommendations on the stock include four "strong buy" or "buy" ratings, nine "hold" ratings and six "sell" or "strong sell" ratings

** HPQ is down 17.6% YTD compared with a roughly 0.5% gain in the S&P 500 .SPX in that period

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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