HP Inc. (HPQ) earnings on May 27, 2026
Prior outlook: Pessimistic Outcome: Accurate
HPQ shares initially moved higher after earnings but ended the day lower. The stock's price declined despite analysts raising their price targets.
HPQ price around the earnings
26.08
Change: +2.3%
2026-05-29, 00:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Momentum strong, but analysts predict downside and negative growth.
Despite recent positive price movement, analysts are cautious, projecting potential downside and negative earnings growth for the upcoming quarter. There's also a notable concentration of retail investor interest, which can sometimes precede sharp reversals.
Context analyzed before publication
- Summary
- Momentum strong, but analysts point to a pessimistic scenario and negative growth.
- Reasoning
- Despite recent positive price movement, analysts are cautious, pointing to a pessimistic scenario and negative earnings growth for the upcoming quarter. There's also a notable concentration of retail investor interest, which can sometimes precede sharp reversals.
- Playbook
- Given the conflicting contexts between price momentum and analyst outlook, the scenario suggests a cautious approach. The upcoming earnings are a key factor, and potential volatility due to high retail interest is noted.
- Trend
- Pessimistic trend reversed; now showing overbought momentum.
Analysts
Drivers
-
Analysts
Negative
The average analyst rating is a hold, with price targets citing a significant drop from current levels. A recent downgrade further supports a cautious outlook from Wall Street.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 3.12
- Analysts covering the stock
- 16
- Average price target
- 19.68
- Lowest price target
- 16
- Highest price target
- 26.4
- Upside to price target
- -22.6%
- Quarterly earnings growth
- -3.5%
- Revenue growth
- 6.9%
- Forward EPS
- 2.98
- Trailing EPS
- 2.64
- Analyst moves in the last 60 days
- 1
- Strong buy: 0
- Buy: 3
- Hold: 9
- Sell: 3
- Strong sell: 2
- Strong buy
- 0
- Buy
- 3
- Hold
- 9
- Sell
- 3
- Strong sell
- 2
- May 21, 2026 · Morgan Stanley: Maintains rating (Underweight → Underweight)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (2)
- AI Earnings Test: Salesforce, Snowflake, Marvell, HP Report After The Bell — Benzinga
- Dick's Sporting, HP And 3 Stocks To Watch Heading Into Wednesday — Benzinga
Technicals
Drivers
-
Technical
Negative
While the stock price has risen recently, it is facing resistance and showing signs of being overextended. Increased price volatility indicates a higher level of risk.
Evidence
- Average true range (ATR)
- 4.1%
- Distance to 52-week high
- -14.0%
- 14-day change (14d)
- +14.3%
- 30-day change (30d)
- +28.8%
- 30-day relative strength
- +28.8%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 24.37
- Nearest resistance
- 24.61
- Volume accumulation ratio (14d / 46d)
- 1.45
Trends
Evidence
- Average earnings surprise
- -1.3%
- February 24, 2026: actual EPS 0.81 vs estimate 0.77 (surprise +5.6%)
- November 25, 2025: actual EPS 0.93 vs estimate 0.92 (surprise +0.8%)
- August 27, 2025: actual EPS 0.75 vs estimate 0.75 (surprise -0.0%)
- May 28, 2025: actual EPS 0.71 vs estimate 0.8 (surprise -11.6%)
Expected move
Drivers
-
Past earnings
Negative
The company has a mixed history of meeting earnings expectations, with an average surprise that is slightly negative. Recent positive results have not consistently translated into sustained gains.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 3.9%
- 75th percentile move
- 7.4%
- 90th percentile move
- 10.3%
- Up / down moves
- 8 / 11
- Average up move
- +5.3%
- Average down move
- -4.9%
Monitoring and close
What HP Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -1.9%
- Max favorable move (MFE)
- 5.9%
- Max adverse move (MAE)
- 14.8%