Markets & Finance

Goldman Cuts Hewlett-Packard Estimates


Goldman Sachs cut estimates on Hewlett-Packard (HWP).

Analyst Laura Conigliaro is lowering her estimates again based on continued slowing in the company's consumables growth, combined with ongoing softness in its other businesses. She notes consumables, which normally make up 20% of Hewlett-Packard's revenues and are 55% of profits, represented over 100% of profits in Q2 given the losses in its computing segment, making that sector's marginal performance even more critical to profitability.

Conigliaro cut the $0.18 Q3 EPS estimate to $0.15, and cut the $10.7 billion revenue estimate to $10.5 billion. She also cut the $0.98 fiscal 2001 (Oct.) EPS estimate to $0.92, and cut the $1.35 fiscal 2002 estimate to $1.20.

Conigliaro maintains her market perform rating.


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus