4 Reasons Why Hewlett Packard Investors Should Be Positive Into Q3 Earnings: Analyst
Analyst Predictions for HPE: JPMorgan analyst Samik Chatterjee anticipates positive performance for Hewlett Packard Enterprise (HPE) ahead of its third-quarter earnings report, citing strong demand for AI, recovery in infrastructure, and inexpensive stock valuation as key factors. The forecast includes a revenue estimate of $7.75 billion and earnings per share of 48 cents.
Future Outlook: The analyst also raised expectations for HPE's fourth-quarter revenue to $8.21 billion and full-year 2024 EPS to $1.95, driven by improved demand in General Purpose Servers and traditional IT hardware recovery.
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4 Reasons Why Hewlett Packard Investors Should Be Positive Into Q3 Earnings: Analyst
Analyst Predictions for HPE: JPMorgan analyst Samik Chatterjee anticipates positive performance for Hewlett Packard Enterprise (HPE) ahead of its third-quarter earnings report, citing strong demand for AI, recovery in infrastructure, and inexpensive stock valuation as key factors. The forecast includes a revenue estimate of $7.75 billion and earnings per share of 48 cents.
Future Outlook: The analyst also raised expectations for HPE's fourth-quarter revenue to $8.21 billion and full-year 2024 EPS to $1.95, driven by improved demand in General Purpose Servers and traditional IT hardware recovery.
BlackRock Sells $2.5B In Bonds To Help Fund Preqin Deal: Report
BlackRock's Bond Sale for Preqin Acquisition: BlackRock is selling $2.5 billion in U.S. investment-grade bonds to fund its $3.2 billion acquisition of private-markets data company Preqin. The bond sale is led by major banks and includes a special redemption clause if the deal does not close by 2025.
Private Markets Growth and Revenue Synergies: The acquisition of Preqin aims to enhance BlackRock's presence in private-markets investing, a sector expected to reach nearly $40 trillion by the end of the decade. The deal is projected to drive revenue synergies and expand into emerging private markets.
Why Is Software Megacap ADP's Stock Trading Higher Today?
Why Is Software Megacap ADP's Stock Trading Higher Today?
- Financial Performance: ADP reported Q3 2024 revenues of $5.25 billion, beating analyst expectations, with a 7% increase year-over-year.
- Earnings and Margins: Quarterly adjusted EPS was $2.88, surpassing analyst estimates, while Adjusted EBIT increased by 12% to $1.5 billion with a margin increase of 140 bps to 29.3%.
- Net Earnings: Net earnings rose by 14% Y/Y to $1.2 billion, and adjusted net earnings increased by 13% Y/Y to $1.2 billion.
- Outlook and Financial Position: ADP reiterated its revenue growth outlook for FY24 and held $3.3 billion in cash and equivalents as of March 31, 2024.
- Stock Performance and Investment Opportunities: ADP stock gained 12% in the last 12 months, and investors can access it through ETFs like DIVL and PCGG.
BlackRock Starts Strong In 2024 With Q1 AUM & Fees Surge, Stock Gains
BlackRock Starts Strong In 2024 With Q1 AUM & Fees Surge, Stock Gains
4 Reasons Why Hewlett Packard Investors Should Be Positive Into Q3 Earnings: Analyst
Analyst Predictions for HPE: JPMorgan analyst Samik Chatterjee anticipates positive performance for Hewlett Packard Enterprise (HPE) ahead of its third-quarter earnings report, citing strong demand for AI, recovery in infrastructure, and inexpensive stock valuation as key factors. The forecast includes a revenue estimate of $7.75 billion and earnings per share of 48 cents.
Future Outlook: The analyst also raised expectations for HPE's fourth-quarter revenue to $8.21 billion and full-year 2024 EPS to $1.95, driven by improved demand in General Purpose Servers and traditional IT hardware recovery.
BlackRock Sells $2.5B In Bonds To Help Fund Preqin Deal: Report
BlackRock's Bond Sale for Preqin Acquisition: BlackRock is selling $2.5 billion in U.S. investment-grade bonds to fund its $3.2 billion acquisition of private-markets data company Preqin. The bond sale is led by major banks and includes a special redemption clause if the deal does not close by 2025.
Private Markets Growth and Revenue Synergies: The acquisition of Preqin aims to enhance BlackRock's presence in private-markets investing, a sector expected to reach nearly $40 trillion by the end of the decade. The deal is projected to drive revenue synergies and expand into emerging private markets.
Why Is Software Megacap ADP's Stock Trading Higher Today?
Why Is Software Megacap ADP's Stock Trading Higher Today?
- Financial Performance: ADP reported Q3 2024 revenues of $5.25 billion, beating analyst expectations, with a 7% increase year-over-year.
- Earnings and Margins: Quarterly adjusted EPS was $2.88, surpassing analyst estimates, while Adjusted EBIT increased by 12% to $1.5 billion with a margin increase of 140 bps to 29.3%.
- Net Earnings: Net earnings rose by 14% Y/Y to $1.2 billion, and adjusted net earnings increased by 13% Y/Y to $1.2 billion.
- Outlook and Financial Position: ADP reiterated its revenue growth outlook for FY24 and held $3.3 billion in cash and equivalents as of March 31, 2024.
- Stock Performance and Investment Opportunities: ADP stock gained 12% in the last 12 months, and investors can access it through ETFs like DIVL and PCGG.
BlackRock Starts Strong In 2024 With Q1 AUM & Fees Surge, Stock Gains
BlackRock Starts Strong In 2024 With Q1 AUM & Fees Surge, Stock Gains
