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HPQ

HP Inc.

$18.91

-0.115 (-0.60%)

, HPE

HP Enterprise

$17.69

0.02 (0.11%)

12:56
08/23/17
08/23
12:56
08/23/17
12:56

On The Fly: What to watch in HP Inc.'s earnings report

HP Inc. (HPQ) is scheduled to report results of its fiscal third quarter after the market close on August 23, with a conference call scheduled for 5:00 pm ET. What to watch for: 1. Q EPS CONSENSUS UNCHANGED: Along with its last report, HP Inc. guided for Q3 adjusted earnings per share in the range of 40c-43c. Analysts at the time expected the company to report EPS of 42c for the quarter, and that consensus estimate remains unchanged headed into the company's earnings release. In addition, the company also said last quarter that it expects adjusted EPS for fiscal 2017 to fall in the range of $1.59-$1.66, with analysts at the time expecting $1.62. Since then, the consensus view has risen to $1.64. 2. PERSONAL SYSTEMS, PRINT REVENUE GROWTH: HP Inc. said in its second quarter report that Personal Systems net revenue and Printing net revenue were up 10% and 2% year-over-year, respectively. Commenting on the growth, HP Inc. president and chief executive officer Dion Wiesler noted that the revenue increases mark the first time both segments have grown in the same quarter since 2010. 3. PC SHIPMENTS: According to preliminary results by Gartner released in July, global personal computer shipments in the second quarter totaled 61.1M units, marking a 4.3% decline year-over-year. Gartner noted that the PC industry is in the midst of a five year slump, and this is the 11th straight quarter of declining shipments. HP Inc., however, reclaimed the top spot in PC shipments worldwide from Lenovo (LNVGY), with 20.8% market share in the quarter compared to Lenovo's 19.9%. In its last quarterly earnings report, HP Inc. reported a 5% increase in total unit shipments in Q2, with Notebook units up 12% and Desktop units down 6%. 4. LOOP SAYS BUY: Tuesday, Loop Capital analyst Ananda Baruah initiated coverage of HP Inc. with a Buy rating and $23 price target. The analyst said he expects the stock's multiple to expand and sees opportunities for the company with its new printing, copier, and 3D printing initiatives. Baruah also started coverage of HP Enterprise (HPE) with a Hold rating and $17 price target.

HPQ

HP Inc.

$18.91

-0.115 (-0.60%)

HPE

HP Enterprise

$17.69

0.02 (0.11%)

LNVGY

Lenovo

$11.13

-0.07 (-0.63%)

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HPQ HP Inc.
$18.91

-0.115 (-0.60%)

08/23/17
08/23/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on the today's top five analyst initiations with this list compiled by The Fly: 1. HP Inc (HPQ) initiated with a Buy and HP Enterprise (HPE) initiated with a Hold at Loop Capital. 2. PTC (PTC), Autodesk (ADSK), ASpen Technology (AZPN) and SAP (SAP) initiated with Buy ratings and Trimble (TRMB) and ANSYS (ANSS) initiated with Hold ratings at Berenberg. 3. AveXis (AVXS) initiated with an Outperform at William Blair. 4. LivaNova (LIVN) initiated with a Hold at Needham. 5. Advanced Energy (AEIS) initiated with a Hold at Stifel. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/31/17
PIPR
07/31/17
NO CHANGE
Target $18.5
PIPR
Overweight
Materialise price target raised to $18.50 from $12.75 at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target for Materialise (MTLS) to $18.50 saying the company's guidance is conservative, the partnership with HP Inc. (HPQ) is beginning to ramp, and its growing exposure to end part applications should provide a growth boost for the next several years. The analyst views Materialise as one of the best ways to play the 3D space. He reiterates an Overweigtht rating on the shares.
08/03/17
PIPR
08/03/17
NO CHANGE
Target $14
PIPR
Underweight
3D Systems reported disappointing results, says Piper Jaffray
Piper Jaffray analyst Troy Jensen says 3D Systems (DDD) last night reported disappointing results with weak printer sales being the primary factor in the revenue miss. The weak printer sales are directly correlated with increased competition from HP Inc. (HPQ), General Electric (GE) and others attacking 3D Systems' key product lines, Jensen tells investors in a post-earnings research note. He sees the company's second half of 2017 as "incrementally more challenging" and believes the stock's a "significant premium" to 3D printing peers is unwarranted. The analyst reiterates an Underweight rating on 3D Systems with a $14 price target.
08/22/17
LOOP
08/22/17
INITIATION
Target $23
LOOP
Buy
HP Inc. initiated with a Buy at Loop Capital
Loop Capital analyst Ananda Baruah started HP Inc. with a Buy rating and $23 price target, citing his expectations for its multiple to expand and its opportunities with its new printing, copier and 3D printing initiatives.
HPE HP Enterprise
$17.69

0.02 (0.11%)

08/22/17
LOOP
08/22/17
INITIATION
Target $17
LOOP
Hold
HP Enterprise initiated with a Hold at Loop Capital
Loop Capital analyst Ananda Baruah started HP Enterprise with a Hold rating and $17 price target, as he feels there may be a better entry point after the company gives proof of execution given current dynamics.
07/11/17
MAXM
07/11/17
NO CHANGE
Target $43
MAXM
Buy
Super Micro Computer servers most differentiated from peers, says Maxim
Maxim analyst Nehal Chokshi points to the fact that Super Micro Computer (SMCI) was able to pass through a larger portion of its increased memory costs to its customers than peers HP Enterprise (HPE) and Dell as evidence that Super Micro has the most differentiated servers. Super Micro will further strengthen differentiation with Intel's (INTC) Purley server platform launch, added Chokshi, who keeps a Buy rating and $43 price target on Super Micro shares.
07/14/17
MAXM
07/14/17
NO CHANGE
Target $18
MAXM
Hold
HP Enterprise server differentiation looks weak, says Maxim
Maxim analyst Nehal Chokshi said his margin analysis suggests that HP Enterprise's server differentiation currently looks weak, given the company's below-peer ability to pass on component price increases to customers. While implementation of the Infosight telemetry analytics engine from recently acquired Nimble Storage to servers could raise margins, he remains skeptical. Chokshi keeps a Hold rating on HP Enterprise and reinstated an $18 price target on the shares.
LNVGY Lenovo
$11.13

-0.07 (-0.63%)

02/16/17
DAIW
02/16/17
DOWNGRADE
DAIW
Hold
Lenovo downgraded to Hold from Outperform at Daiwa
02/22/17
UBSW
02/22/17
DOWNGRADE
UBSW
Sell
Lenovo downgraded to Sell from Neutral at UBS
03/08/17
WELS
03/08/17
DOWNGRADE
WELS
Market Perform
Nimble Storage downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Maynard Um downgraded Nimble Storage (NMBL) to Market Perform following HP Enterprise's (HPE) acquisition announcement. Nimble shares closed at $12.58, above HP's $12.50 bid, suggesting investors believe in the potential for a higher bid, Um tells investors in a research note. The analyst views Lenovo (LNVGY) as most logical bidder, but notes the company's response to media outlet CDN suggests a counterbid is unlikely. Um raised his price target range for Nimble shares to $12-$13 from $10-$11.

TODAY'S FREE FLY STORIES

NUVA

NuVasive

$51.99

-1.34 (-2.51%)

20:43
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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

Celgene

$104.82

-1.18 (-1.11%)

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JUNO

Juno Therapeutics

$45.60

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CELG

Celgene

$104.82

-1.18 (-1.11%)

KITE

Acquired by GILD 9/17

GILD

Gilead

$80.25

1.23 (1.56%)

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SNP

Sinopec

$83.07

-1 (-1.19%)

20:35
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Upgrade
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SHLX

Shell Midstream

$30.74

0.21 (0.69%)

20:34
01/16/18
01/16
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20:34
Downgrade
Shell Midstream rating change at Stifel »

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UNH

UnitedHealth

$232.90

4.26 (1.86%)

20:31
01/16/18
01/16
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20:31
Recommendations
UnitedHealth analyst commentary at Piper Jaffray »

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  • 16

    Jan

AVXS

AveXis

$105.01

-12.49 (-10.63%)

20:31
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Syndicate
AveXis 3.921M share Secondary priced at $102.00 »

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  • 17

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OZRK

Bank of the Ozarks

$52.23

-0.24 (-0.46%)

20:26
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20:26
Downgrade
Bank of the Ozarks rating change at Keefe Bruyette »

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  • 16

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WP

Worldpay

$78.26

0.66 (0.85%)

, VNTV

Symbol changed to WP

20:25
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Initiation
Worldpay, Symbol changed to WP initiated at Goldman Sachs »

Worldpay reinstated with…

WP

Worldpay

$78.26

0.66 (0.85%)

VNTV

Symbol changed to WP

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BAC

Bank of America

$31.24

0.05 (0.16%)

, GS

Goldman Sachs

$258.46

1.43 (0.56%)

20:25
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01/16
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BAC

Bank of America

$31.24

0.05 (0.16%)

GS

Goldman Sachs

$258.46

1.43 (0.56%)

USB

U.S. Bancorp

$57.17

0.19 (0.33%)

FAST

Fastenal

$55.44

-0.15 (-0.27%)

03/08/13
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C

Citi

$77.11

0.27 (0.35%)

20:20
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20:20
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20:20
Downgrade
Citi rating change at Keefe Bruyette »

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  • 16

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O

Realty Income

$52.94

0.22 (0.42%)

19:12
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Hot Stocks
Realty Income raises monthly dividend to 21.9c per share from 21.25c »

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NGD

New Gold

$3.44

0.05 (1.47%)

19:05
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Hot Stocks
New Gold sees FY18 gold production 525,000-595,000 ounces »

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NGD

New Gold

$3.44

0.05 (1.47%)

19:04
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Hot Stocks
New Gold reports Q4 gold production 154,446 ounces »

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NGD

New Gold

$3.44

0.05 (1.47%)

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PYPL

PayPal

$80.42

-0.12 (-0.15%)

18:50
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Earnings
PayPal sees FY18 revenue $15B-$15.25B, consensus $15.35B »

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  • 08

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CE

Celanese

$109.67

-1.67 (-1.50%)

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  • 26

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RIG

Transocean

$11.47

-0.73 (-5.98%)

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  • 16

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WMT

Walmart

$100.69

-0.18 (-0.18%)

18:13
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Periodicals
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  • 20

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CME

CME Group

$152.20

-0.53 (-0.35%)

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  • 18

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CE

Celanese

$109.67

-1.67 (-1.50%)

18:02
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  • 26

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SRC

Spirit Realty

$8.07

-0.03 (-0.37%)

17:46
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NTNX

Nutanix

$36.01

-1.83 (-4.84%)

17:45
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Conference/Events
Nutanix management to meet with Piper Jaffray »

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  • 16

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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

Celgene

$104.82

-1.18 (-1.11%)

17:41
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17:41
Hot Stocks
On The Fly: After Hours Movers »

HIGHER: Juno Therapeutics…

JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

NEWA

Newater Technology

$15.80

2.8 (21.54%)

VRS

Verso

$17.00

0.06 (0.35%)

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

IPSEY

Ipsen

RNST

Renasant

$43.86

0.15 (0.34%)

IBKR

Interactive Brokers

$62.45

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CSX

CSX

$58.13

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ATEN

A10 Networks

$7.31

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HTGM

HTG Molecular

$3.50

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HIVE

Aerohive

$5.70

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OBLN

Obalon Therapeutics

$7.93

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XON

Intrexon

$13.77

-0.94 (-6.39%)

BOOT

Boot Barn

$19.10

-0.15 (-0.78%)

F

Ford

$13.10

-0.13 (-0.98%)

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NRZ

New Residential

$17.63

-0.11 (-0.62%)

17:35
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01/16
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17:35
Earnings
Breaking Earnings news story on New Residential »

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  • 17

    Jan

EXEL

Exelixis

$29.65

-0.73 (-2.40%)

17:30
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17:30
Hot Stocks
Breaking Hot Stocks news story on Exelixis »

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