Does Analyst Skepticism Around Earnings Shape HPQ’s Long-Term Competitive Edge?

• HP's stock recently declined even as broader markets rose, attracting attention with its next earnings report set for November 25, 2025.
• This heightened interest reflects investor focus on slightly lower earnings expectations and a recent sell rating from Zacks Rank.
• We'll explore how analyst concerns about modestly reduced earnings estimates may shape HP's forward-looking investment narrative.

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HP Investment Narrative Recap

To be a shareholder in HP, you need to believe in its ability to manage long-standing print and PC headwinds while capitalizing on opportunities in AI-driven devices, premium segments, and new services. The recent stock decline, despite broader market gains, highlights immediate sensitivity to slightly lower earnings expectations, yet doesn’t fundamentally alter the biggest near-term catalyst: the company’s upcoming November 25 earnings report. The main risk remains ongoing competition and structural demand shifts in HP's core hardware businesses.

Among HP’s recent announcements, the upcoming Q4 2025 earnings release is most relevant, as it is directly linked to recent analyst estimate revisions and the stock’s negative momentum. With investors now watching for confirmation of projected revenue growth despite modest EPS declines, this earnings report could set the tone for HP’s near-term narrative and help clarify if sector headwinds are being managed effectively.

In contrast, while management continues cost initiatives and promotes new device launches, investors should pay close attention to risks from persistent price competition and...

Read the full narrative on HP (it's free!)

HP's outlook anticipates $56.8 billion in revenue and $2.9 billion in earnings by 2028. This forecast assumes revenue will grow 1.3% annually and projects a $0.3 billion increase in earnings from the current $2.6 billion level.

Uncover how HP's forecasts yield a $28.28 fair value, a 14% upside to its current price.

Exploring Other Perspectives

The Simply Wall St Community includes 5 fair value estimates for HP, ranging from US$28.27 to US$49.15 per share. While some see significant room for upside, others remain cautious given HP's persistent challenges in traditional print and PC markets; check out the full set of opinions to see how your own outlook compares.

Explore 5 other fair value estimates on HP - why the stock might be worth just $28.27!

Build Your Own HP Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your HP research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.
• Our free HP research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate HP's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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