Personal computing and printing company HP Inc. reported fiscal first-quarter 2019 revenue, which fell short of analysts’ estimates, The company’s earnings, however, managed to match expectations.
HP Inc.’s sales from its personal systems segment increased +2.3% year-over-year to $9.66 billion in the fiscal first quarter, compared to analysts’ average estimate of $9.74 billion (based on Refinitiv data). This business accounts for more than 60% of the company’s total revenue.
Revenue from its printing business came in at $5.06 billion, missing analysts’ expectations of $5.19 billion.
The company’s total revenue of $14.7 billion was +1% higher from the year-ago quarter, but was below analysts’ expectation of $14.8 billion.
Adjusted earnings for the quarter was 52 cents a share, in line with analysts’ estimates. Net income of $803 million was lower than the year-ago quarter’s $1.94 billion.
For the full fiscal year 2019, HP Inc, reaffirmed its earnings forecast in the range of $2.12 to $2.22 per share. Analysts were predicting $2.20 per share. The company also maintained its previous estimate for fiscal 2019 free cash flow of at least $3.7 billion.
HP Inc. shares were down nearly -16% in early trading Thursday.
INTC saw its Momentum Indicator move above the 0 level on May 26, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned positive. In of the 91 cases, the stock moved higher in the following days. The odds of a move higher are at .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where INTC's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where INTC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The 50-day moving average for INTC moved above the 200-day moving average on May 04, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INTC advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
INTC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
INTC moved below its 50-day moving average on May 11, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for INTC crossed bearishly below the 50-day moving average on May 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for INTC entered a downward trend on May 08, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.234) is normal, around the industry mean (6.993). P/E Ratio (16.010) is within average values for comparable stocks, (54.487). INTC's Projected Growth (PEG Ratio) (8.881) is very high in comparison to the industry average of (2.587). Dividend Yield (0.042) settles around the average of (0.024) among similar stocks. P/S Ratio (2.125) is also within normal values, averaging (11.516).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. INTC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. INTC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows