HP Full Year 2023 Earnings: EPS Beats Expectations

Simply Wall St

November 23, 2023

HP (NYSE:HPQ) Full Year 2023 Results

Key Financial Results

Revenue: US$53.7b (down 15% from FY 2022).
Net income: US$3.26b (up 1.9% from FY 2022).
Profit margin: 6.1% (up from 5.1% in FY 2022).
EPS: US$3.29 (up from US$3.09 in FY 2022).

revenue-and-expenses-breakdown — NYSE:HPQ Revenue and Expenses Breakdown November 23rd 2023

All figures shown in the chart above are for the trailing 12 month (TTM) period

HP EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.9%.

The primary driver behind last 12 months revenue was the Personal Systems segment contributing a total revenue of US$35.7b (66% of total revenue). Notably, cost of sales worth US$42.2b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$5.36b (65% of total expenses). Explore how HPQ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Tech industry in the US.

Performance of the American Tech industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Be aware that HP is showing 5 warning signs in our investment analysis and 2 of those are potentially serious...

Valuation is complex, but we're here to simplify it.

Discover if HP might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.