According to Nasdaq.com, NYSE HP Inc. is expected to report earnings on 08/23/2017 after market close. The report will be for the fiscal Quarter ending Jul 2017. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.42. The reported EPS for the same quarter last year was $0.48. Last quarter, the company posted a positive earnings surprise of 2.6%. Notably, the stock surpassed the Zacks Consensus Estimate thrice and came in line once, over the trailing four quarters. It has an average positive earnings surprise of 3%.

Few words about (NYSE:HPQ) HP Inc. (also known as Hewlett Packard), is an American technology company leading as a global provider of computing and imaging solutions and services for business and home. The company is focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services. Its major businesses include Imaging and Printing Systems, Computing Systems and Information Technology Services. HPQ was formed on November 1, 2015, out of the personal computer and printer divisions of the original Hewlett-Packard Company, with its enterprise products and services businesses becoming Hewlett Packard Enterprise. The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company. HP Inc. retains Hewlett-Packard’s pre-2015 stock price history and its former stock ticker symbol, HPQ, while Hewlett Packard Enterprise trades under its own symbol, HPE.

Regarding the coming earnings, Zacks.com model does not support that HP will likely beat the Zacks Consensus Estimate in its upcoming release due to that fact that Earnings ESP, which represents the difference between the most accurate estimate and the Zacks Consensus Estimate, is currently pegged at 0.00%. This is because the most accurate estimate of 42 cents comes in line with the Zacks Consensus Estimate. One more reason for the above assumption is that HP carries a Zacks Rank #2. Though this increases the predictive power of ESP, the company’s ESP of 0.00% makes surprise prediction difficult.