Earnings Estimates Moving Higher for HP (HPQ): Time to Buy?

HP (HPQ) earned a Zacks Rank #2 (Buy) rating following upward revisions to analyst earnings estimates over the past month. The stock gained 11.9% over the past four weeks as Wall Street raised its outlook.

Analysts now expect HP to post earnings of $0.74 per share for the current quarter and $3.15 for the full year, both reflecting improved consensus estimates. The positive revisions signal growing confidence in the PC and printing giant's near-term performance.

The Zacks Rank system weights recent estimate changes heavily, with the #2 (Buy) designation placing HPQ in the top tier of coverage. The rating suggests analysts see upside potential beyond what current pricing reflects.

The stock's recent momentum—nearly 12% in under a month—comes as the broader tech sector faces mixed sentiment around hardware demand. HP's estimate upgrades stand out against that backdrop.