Why HP (HPQ) Dipped More Than Broader Market Today

In the latest close session, HP (HPQ) was down 6.77% at $22.87. This move lagged the S&P 500's daily loss of 0.92%. Elsewhere, the Dow saw a downswing of 1.18%, while the tech-heavy Nasdaq depreciated by 0.84%. The stock of personal computer and printer maker has fallen by 10.38% in the past month, lagging the Computer and Technology sector's gain of 1.64% and the S&P 500's gain of 1.48%.Investors will be eagerly watching for the performance of HP in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 25, 2025. The company's upcoming EPS is projected at $0.92, signifying a 1.08% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $14.79 billion, up 5.23% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $3.11 per share and a revenue of $55.2 billion, demonstrating changes of -7.99% and 0%, respectively, from the preceding year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for HP. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.54% lower. HP is currently a Zacks Rank #4 (Sell). Looking at its valuation, HP is holding a Forward P/E ratio of 7.4. This valuation marks a discount compared to its industry average Forward P/E of 12.58. Also, we should mention that HPQ has a PEG ratio of 1.85. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. HPQ's industry had an average PEG ratio of 1.34 as of yesterday's close. The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 49, finds itself in the top 20% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks