Hewlett Packard Enterprise will report its fiscal second-quarter earnings after the market close on Wednesday, with analysts expecting revenue to grow 31.2% year over year, up from an 18.5% increase in the same quarter last year. The company beat revenue expectations last quarter with $10.68 billion in sales, up 40% year on year, and also impressed with its annual recurring revenue. Analysts have generally reaffirmed their estimates over the past 30 days, though HPE has missed Wall Street revenue estimates multiple times in the last two years. Peers in the hardware and infrastructure segment have already reported, with HP posting 12.5% revenue growth and Everpure up 37.7%, both beating expectations. HPE shares have risen 4.3% over the past month, and the average analyst price target is $65.28, compared to the current price of $52.40.
HP Inc
Everpure, Inc.Hewlett Packard Enterprise CoEarnings report upcoming; expectations and past performance mixed.
