Why Hewlett Packard Enterprise Stock Tanked Today
Hewlett Packard Enterprise (NYSE: HPE) stock collapsed in a 15.2% rout (through 9:50 a.m. ET) this morning after reporting mixed earnings last night, and forecasting a significantly worse 2025 than most Wall Street analysts had been expecting.
For Q1 2025, estimates had HP Enterprise (as I'll call it here, to distinguish this enterprise IT specialist from its better-known brother, HP (NYSE: HPQ), which specializes in personal computers) earning $0.50 per share on just over $7.8 billion in revenue. Turns out, HP Enterprise beat the revenue forecast, with $7.85 billion. But its earnings fell a penny short of the consensus at only $0.49.
The news wasn't all bad. HP Enterprise grew its revenue 17% year over year. It showed especial strength in artificial intelligence (AI), with "1.6 billion in net orders for AI systems" and "enterprise AI orders [up] 40%" year over year. And yet, the news that was bad was pretty darn bad.
Source Fool.com
HP Inc. Stock
Based on 7 Buy predictions and 9 Sell predictions the sentiment towards HP Inc. is rather balanced.
On the other hand, the target price of 17 € is above the current price of 16.75 € for HP Inc., so the potential is actually 1.52%.
