Hewlett Packard Enterprise Company HPE manufactures, recycles, and markets steel and metal products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HPE's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Hewlett Packard could be a solid choice for investors.
Current Quarter Estimates for HPE
In the past 30 days, six estimates have gone higher for Hewlett Packard while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 26 cents a share 30 days ago, to 30 cents today, a move of 15.4%.
Current Year Estimates for HPE
Meanwhile, Hewlett Packard current year figures are also looking quite promising, with nine estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.19 per share 30 days ago to $1.40 per share today, an increase of 17.6%.
Hewlett Packard Enterprise Company Price and Consensus
Hewlett Packard Enterprise Company Price and Consensus | Hewlett Packard Enterprise Company Quote
The stock has also started to move higher lately, adding 16.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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