Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  HP Inc.    HPQ

HP INC.

(HPQ)
  Report
Delayed Quote. Delayed Nyse - 07/02 04:10:00 pm
17.07 USD   +0.41%
06/29More companies join Facebook ad boycott bandwagon
RE
06/29HP : Statement on Social Media Advertising
PU
06/29HP INC. : Announces Termination of Shareholder Rights Plan
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

HP Misses the Work-From-Home Hookup -- Heard on the Street

share with twitter share with LinkedIn share with facebook
05/28/2020 | 07:15am EDT

By Dan Gallagher

Workers snapping up personal computers to wait out the coronavirus pandemic at home isn't proving to be the windfall many expected.

There were indications last month in data from IDC and Gartner that showed a surprising drop in PC sales for the quarter ended in March. HP Inc., ranked by IDC as the world's second-largest PC vendor by market share, drove the point home further Wednesday with results for its fiscal second quarter, which ended in April.

The company reported combined revenue from laptop and desktop computers was down 7% from a year earlier--the biggest drop in four years and sharper than Wall Street had expected. HP's shares fell 5% after the report.

Workers rushed to beef up home offices when companies began sending them home in March. But PC supply was still limited by production constraints at chip maker Intel Corp., according to the Gartner and IDC reports. Those issues seem to have been sorted out. HP said Wednesday that about half its PC sales last quarter were in April, leaving a strong backlog of orders at the end. That suggests better PC results in the current quarter, which ends in July.

But demand is questionable beyond that, especially as businesses across the world begin bringing workers back. While some companies have talked about making remote working more permanent, how that will actually play out over the longer term remains uncertain. And of course, sharply rising unemployment means there will be fewer workers to equip.

That makes the coming year a tough one for HP--especially since fewer people in the office also complicates the company's plans to revitalize its important print-supply business. Printing simply happens more frequently at work than at home. It also could slow the enhanced share-buyback plan that was a centerpiece of HP's resistance to overtures from Xerox.

The pandemic may have saved HP from that deal, but it is complicating the company's efforts to prove the deal wasn't needed.

Write to Dan Gallagher at dan.gallagher@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 1.62% 1.885 End-of-day quote.-1.57%
HP INC. -2.47% 17 Delayed Quote.-15.18%
INTEL CORPORATION -1.70% 58.81 Delayed Quote.-2.64%
LINE CORPORATION 0.00% 5420 End-of-day quote.1.31%
THE NEW HOME COMPANY INC. -5.36% 3.18 Delayed Quote.-27.90%
WORLD CO., LTD. -5.55% 1548 End-of-day quote.-42.47%
XEROX HOLDINGS CORPORATION -0.92% 15.15 Delayed Quote.-58.50%
share with twitter share with LinkedIn share with facebook
Latest news on HP INC.
06/29More companies join Facebook ad boycott bandwagon
RE
06/29HP : Statement on Social Media Advertising
PU
06/29HP INC. : Announces Termination of Shareholder Rights Plan
AQ
06/26HP INC : Material Modification to Rights of Security Holders, Other Events, Fina..
AQ
06/26HP Inc. Announces Termination of Shareholder Rights Plan
GL
06/24HP Inc. Board Declares Dividend
GL
06/24HP : Haim Levit Appointed as HP Indigo General Manager
PU
06/24HP : Looks to Eliminate 75% of Single-Use Plastic Packaging by 2025
DJ
06/24HP : Aims to Double Number of Black, African-American Executives by 2025
DJ
06/24HP Releases Annual Sustainable Impact Report
GL
More news
Financials (USD)
Sales 2020 54 182 M - -
Net income 2020 2 586 M - -
Net Debt 2020 1 300 M - -
P/E ratio 2020 9,41x
Yield 2020 4,15%
Capitalization 24 309 M 24 309 M -
EV / Sales 2019
EV / Sales 2020 0,47x
Nbr of Employees 56 000
Free-Float 99,8%
Chart HP INC.
Duration : Period :
HP Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HP INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 18,44 $
Last Close Price 17,00 $
Spread / Highest target 47,1%
Spread / Average Target 8,50%
Spread / Lowest Target -29,4%
EPS Revisions
Managers
NameTitle
Enrique Lores President, Chief Executive Officer & Director
Charles Victor Bergh Chairman
Steven Fieler Chief Financial Officer
Glenn Hopkins Chief Technology Officer
Shumeet Banerji Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
HP INC.-15.18%24 924
DELL TECHNOLOGIES INC.6.91%40 700
GOERTEK INC.45.58%13 181
HEWLETT PACKARD ENTERPRISE COMPANY-38.65%12 501
SEAGATE TECHNOLOGY PLC-18.64%12 423
LOGITECH INTERNATIONAL S.A.34.98%10 961