Is HP Inc. a Buy After its Post-Earnings Plunge?
Shares of HP (NYSE: HPQ) dropped 6% on Nov. 22 after the PC and printer maker reported its fourth quarter earnings. That decline was surprising, since HP's numbers looked solid -- its revenue rose 11% annually to $13.9 billion, beating expectations by $550 million. Its non-GAAP net income rose 22% to $700 million, or $0.44 per share, matching analyst expectations.
So why were investors so eager to sell HP? Let's take a closer look at HP's fourth quarter numbers to find out.
Image source: HP.
Source: Fool.com
HP Inc. Stock
€33.49
0.480%
With 13 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
However, we have a potential of -4.43% for HP Inc. as the target price of 32 € is below the current price of 33.49 €.
