HP (HPQ) Earnings Preview: Analysts Lower Expectations Amid Mixed Performance
HP Inc. (HPQ) faces muted expectations ahead of its Q2 earnings report on November 25, with analysts projecting $0.92 EPS and $14.5 billion revenue—a slight YoY decline. The stock’s inconsistent earnings beat record (6 of past 12 quarters) and stagnant revenue growth have prompted downward revisions. Morgan Stanley’s Erik Woodring cut his price target to $21 (Sell), while BofA’s Wamsi Mohan trimmed to $26 (Hold), citing margin concerns for 2026 amid rising memory costs.
PC sales may buoy Q4 results, but the Print division’s profitability remains a focal point. Options traders appear cautious, reflecting broader skepticism about near-term catalysts. The lack of revenue expansion over multiple years underscores structural challenges in HP’s Core markets.
