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Wall Street expects Hewlett Packard Enterprise Co (NYSE:HPE) to report 47 cents in earnings per share (EPS) and $7.66 billion in revenues when the company reports third-quarter earnings on Thursday after market hours.
The stock is up 7.19% over the past year, 12.76% year-to-date.
Let’s look at what the charts indicate for Hewlett Packard’s stock and how it currently maps against Wall Street estimates.
Hewlett Packard’s stock chart is showing a mixed technical picture.
Chart created using Benzinga Pro
The stock is currently trading at $19.12, above its eight-day and 20-day simple moving averages of $19.05 and $18.39, respectively, which are bullish signals.
However, the stock is trading below its 50-day simple moving average of $19.60, indicating a bearish trend in the medium term. On the other hand, the stock remains above its 200-day simple moving average of $17.68, suggesting a bullish long-term outlook.
Chart created using Benzinga Pro
The Moving Average Convergence Divergence (MACD) indicator is at a negative 0.04, which points to a bearish sentiment, while the Relative Strength Index (RSI) of 52.14 and rising, indicates that Hewlett Packard stock is heading towards the overbought territory.
Additionally, the Bollinger Bands (25) range from $16.77 to $20.12, aligning with a bullish signal as the stock price is trading in the upper bullish band.
Overall, the technicals show a mixed outlook with both bullish and bearish indicators present.
Ratings & Consensus Estimates: The consensus analyst rating on Hewlett Packard stock stands at a Neutral currently with a price target of $18.84. The latest analyst ratings from BofA Securities, Morgan Stanley and Argus Research suggest a 23.62% upside for Hewlett Packard stock, with an average price target of $23.67.
HPE Price Action: Hewlett Packard stock was trading at $35.38 at the time of publication, down 2.21%.
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Posted In: HPE