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HP Inc. (HPQ) Q1 2024 Earnings Call Transcript

Shares of Snowflake (SNOW) have fallen precipitously, nearly -25%, on the news that its CEO, Frank Slootman, would retire after 5 years on the job.

The headline numbers for HP (HPQ) give insight into how the company performed in the quarter ended January 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

HP (HPQ) came out with quarterly earnings of $0.81 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.75 per share a year ago.

This morning, economic prints are mostly in anticipation of Thursday morning's all-important Personal Consumption Expenditures (PCE), which is the Fed's preferred gauge of inflation. Q4 GDP, Consumption and the Pricing Index are all updated with an initial revision this morning.

The first revision to Q4 GDP came in 10 bps light of estimates and the previous print.

The Computer - Mini Computers industry participants like Apple (AAPL), HP (HPQ) and 3D Systems (DDD) are benefiting from the strong demand for enterprise devices amid stiff macroeconomic challenges globally.

Beyond analysts' top -and-bottom-line estimates for HP (HPQ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2024.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does HP (HPQ) have what it takes?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.