HP Enterprise (HPE): Low Expectations May Be A Positive Set Up For Earnings - Wells Fargo

Wells Fargo analyst, Maynard Um, expects an in line quarter and guide from HP Enterprise (NYSE: HPE), which may be enough amid low expectations. HPE reports on 5/24 and he expects results in line with Street estimates of $12.4B/$0.42.

"Given our sense that sentiment and expectations are low (many anticipating a miss) amid concern over enterprise IT spending, particularly server growth, as well as the optical impact of removing earnings from its recent divestitures, we believe an in line quarter and guide would be viewed positive," Um said.

No change to Outperform rating.

For an analyst ratings summary and ratings history on HP Enterprise click here. For more ratings news on HP Enterprise click here.

Shares of HP Enterprise closed at $15.87 yesterday.

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