HEWLETT-PACKARD (HPQ)

EARNINGS RELEASE THURSDAY - MAY 23 (AMC)

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JUMP BACK

Jump Report

Avg Daily Volume: 12,694,614    Market Cap: 29.17B 
Sector: Technology    Short Interest: 1.11

EARNINGS EXPECTATIONS:   

     THIS QTR:   EPS:  .51  REV:  13,970/M
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     LAST QTR:  EPS.51/share   ACTUAL: .52/share  (BEAT)
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     NEXT QTR: EPS: .55/share    REV: 14,700/M
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      FY19:  EPS:  2.15/share    REV: 58,860/M
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*These are the base metrics we will be watching against the actual release numbers

BEAT/MISS HISTORY: 67% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) -18.9, -1.92, -3.85

POTENTIAL JUMP MOVE:   6-10%

Links To Latest News and Headlines

Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Hewlett-Packard International Bank DAC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody’s practice has been to issue a press release following each periodic review to announce its completion.

(Bloomberg) — HP Inc. agreed to pay $6 million as part of a settlement with the U.S. Securities and Exchange Commission on charges the printer maker violated antifraud law in its effort to boost sales of ink supplies.The technology company misled investors about the impact of sales practices that were meant to help reach revenue and earnings targets in 2015 and 2016, the SEC said Wednesday in a statement. Besides paying the penalty, HP consented to a cease-and-desist order but neither admitted nor denied the SEC’s findings.“We are pleased to have resolved this matter, which involves historical disclosures from nearly five years ago,” an HP spokeswoman said in an email.HP regional managers used incentives to accelerate ink sales that the company had expected to materialize in subsequent quarters, the SEC said. In one region, their tactics included selling printing supplies at significant discounts to resellers known to sell outside of their designated territories, which violated HP’s policy and distributor agreements. The company didn’t disclose uncertainties related to these practices.The company also didn’t fully disclose product inventory among some of its channel partners, which gave investors an incomplete picture of the company’s market performance. The SEC said HP changed its go-to-market model in part to address these undisclosed sales practices and undertook a channel inventory reduction that lowered its net revenue by about $450 million during the third and fourth quarters of 2016.HP’s alleged practices in 2015 and 2016 underscore its long attempt to protect its printing franchise, which provides the lion’s share of the company’s profit. HP has struggled with declining demand for printed pages as the world grows more digital. The company has tried to solidify sales by offering ink subscription services, relying more on corporate customers and making counterfeit ink products incompatible with some of its printers, so that consumers have no choice but to buy genuine HP products.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

02 Sep, 2020 @ 13:15 by Yahoo! Finance

The PC and printing giant clears Wall Street's low bar in the third quarter — but it still hasn't resolved its biggest problems.

31 Aug, 2020 @ 13:55 by Yahoo! Finance

Companies In The News Are: DELL, HPQ, ULTA, MRVL.

HP Inc. and Dell Technologies reported better-than-expected July quarter results, thanks in part to strong PC demand.

Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.

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ANALYSIS:

StockJumpers trajectory analysis reveals a negative market reaction to the earnings release. We were expecting to see a pop on the news on a beat, but like last quarter the stock fell in a big way even on a beat. They tend to be in-line on the metrics from their guidance and investors are more concerned about what they forecast going forward and any headwinds. 

NOTE: The broad market is down 350 points

We are SHORT for this event, but think any down move will bounce back.

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TRADE PLAN:

ENTRY:  SELL (revised to HOLD)
STOP LOSS:  5%
TAKE PROFIT: 7%
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UPDATE:  (2:42PM) Our recent models show a bounce up post release and any initial drop may be short lived. The safest play is to stay on the sidelines until the release, and go long on any dip. 

POST RELEASE ACTION:  we are long on HPQ

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