Free Research Report as Hewlett Packard Enterprise’s EPS Surged 232.4%

Stock Monitor: Iteris Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 11, 2018 / If you want access to our free earnings report on Hewlett Packard Enterprise Co. (NYSE: HPE), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HPE. The Company posted its financial results on May 22, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18). The provider of technology solutions surpassed market estimates for revenue and earnings for the second quarter of the fiscal year 2018. Additionally, the Company provided its guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Iteris, Inc. (NASDAQ: ITI), which also belongs to the Technology sector as the Company Hewlett Packard Enterprise. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=ITI

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Hewlett Packard Enterprise most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HPE

Earnings Highlights and Summary

For the second quarter ended April 30, 2018, Hewlett Packard Enterprise’s revenues grew 9.7% to $7.47 billion compared to $6.81 billion in the second quarter of the fiscal year 2018, primarily due to higher product revenues from Hybrid IT, led by favorable currency fluctuations, and a growth in storage as a result of incremental revenues from the Nimble Storage, Inc. The Company’s revenue numbers surpassed market estimates of $7.33 billion.

During Q2 FY18, Hewlett Packard Enterprise incurred total costs and expenses of $7.07 billion compared to $6.61 billion, increasing 6.9% on a y-o-y basis. The Company reported earnings from continuing operations of $397.0 million in Q2 FY18 compared to $261.0 million in Q2 FY17. The Company’s operating margin increased to 5.3% in Q2 FY18 from 2.9% in Q2 FY17.

For the reported quarter, Hewlett Packard Enterprise posted net earnings of $778.0 million compared to a net loss of $612.0 million in the year ago same period. The Company’s net diluted earnings per share (EPS) advanced 232.4% to $0.49 in Q2 FY18 versus a loss per share of $0.37 in Q2 FY17. The Company reported adjusted EPS of $0.34 in Q2 FY18, beating market projections of $0.31.

Segment Details

Hewlett Packard Enterprise operates through three segments, namely: (i) Hybrid IT; (ii) Intelligent Edge; and (iii) Financial Services (FS).

For the reported quarter, Hewlett Packard Enterprise’s Hybrid IT segment’s revenues improved 6.9% to $6.02 billion versus $5.64 billion in the year ago comparable period. The segment’s earnings from operations increased to $621.0 million in Q2 FY18 compared to $457.0 million in Q2 FY17.

Hewlett Packard Enterprise’s Intelligent Edge segment aggregated revenues of $710.0 million in Q2 FY18 compared to $606.0 million in Q2 FY17, increasing 17.2% on a y-o-y basis. For the reported quarter, the segment’s earnings from operations were $46.0 million, equivalent to earnings in Q2 FY18.

During Q2 FY18, Hewlett Packard Enterprise’s FS segment added total revenues of $916.0 million, up by 5.1% from $872.0 million in Q2 FY17. The segment’s earnings from operations declined to $72.0 million in the reported quarter compared to $77.0 million the corresponding quarter of last year.

Cash Matters

As of April 30, 2018, Hewlett Packard Enterprise’s cash and cash equivalents stood at $6.99 billion compared to $8.10 billion as of April 30, 2017. The Company had a long-term debt of $9.97 billion as of April 30, 2018, versus $10.18 billion as of October 31, 2017. For the reported quarter, the Company generated a cash inflow from operating activities of $389.0 million compared to $451.0 million in the year ago same period.

Outlook

For the third quarter of the fiscal year 2018, Hewlett Packard Enterprise expects EPS to be in the range of $0.19 to $0.23, and adjusted EPS to be in the band of $0.35 to $0.39. The Company anticipates EPS to be in the range of $1.70 to $1.80, and adjusted EPS to be in the band of $1.40 to $1.50 for FY18.

Stock Performance Snapshot

June 08, 2018 – At Friday’s closing bell, Hewlett Packard Enterprise’s stock marginally rose 0.57%, ending the trading session at $16.01.

Volume traded for the day: 7.92 million shares.

Stock performance in the previous six-month period – up 13.06%; past twelve-month period – up 21.05%; and year-to-date – up 11.49%

After last Friday’s close, Hewlett Packard Enterprise’s market cap was at $24.88 billion.

Price to Earnings (P/E) ratio was at 12.47.

The stock has a dividend yield of 2.81%.

The stock is part of the Technology sector, categorized under the Communication Equipment industry. This sector was up 0.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 502233