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The Key Takeaways
- Hewlett Packard Enterprise, or HPE will release its quarterly earnings report after the close of Thursday’s markets.
- The majority of analysts who research HPE and are tracked by Visible Alpha have a "hold" rating for the company.
- Bank of America increased its HPE price target based on the optimism of the artificial intelligence server industry.
Hewlett Packard Enterprise will announce its fiscal fourth quarter earnings on Thursday after the close of the markets. Analysts are generally bullish, but the results may not be as impressive.
Four of the ten brokers that are being tracked and analysed by Visible Alpha for HPE have been a “buy” Six maintainers are rated equivalent to the rating of the server manufacturer. “hold” ratings. Ratings.
Wall Street anticipates HPE will report revenues of $8.23billion in the coming year, an increase by 12%. The net income will be $884.7m, which is 66c per share. This compares to $642m, or 49c a share a year earlier.
BofA analysts bullish on AI server market by 2025
Bank of America analysts, who have been watching the company for a while now are optimistic and renewing their optimism. “buy” Rating and raising their price target from $24 to $26 in early November. Analysts at the bank expect HPE to increase its server revenues for the most recent quarter by 33%, to $4.8 Billion, which is slightly higher than the consensus analyst estimate. They are also bullish about the AI server market, especially in the year 2025.
HPE has unveiled new AI-enabled servers, powered by Advanced Micro Devices’ (AMD), in October. These are designed for large AI clusters that can be used to train language models.
“We model a largely in-line [fourth quarter] but expect [the first quarter of fiscal 2025] to be modestly above Street given momentum in AI,” BofA analysts stated.
By midday on Monday, HPE shares were nearly 1.5% higher at $21.53 and are expected to rise 27% by 2024.
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