Hewlett Packard Enterprise Reported Mixed Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/HPE'>Hewlett Packard Enterprise (NYSE: HPE) </a>delivered mixed Q3 results, with EPS of $0.47, beating the consensus estimate of $0.42, and revenue of $6.9 billion, in line with the Street estimate of $6.91 billion. </p>
<p>Antonio Neri, the president and CEO of the company, mentioned that the quarter was marked by strong order growth, profitability, and record-free cash flow, adding that he is pleased to see the company’s edge-to-cloud strategy driving improved momentum across their businesses.</p>
<p>The company provided a Q4 outlook, expecting EPS to range from $0.44 to $0.52, compared to the consensus of $0.49. For the full 2021-year, the company anticipates the EPS to be between $1.88 and $1.96, versus the Street estimate of $1.89.</p>
<p>Analysts at Rosenblatt Securities said they are somewhat disappointed by the company’s quarterly results and next quarter’s guidance, though they recognize supply constraints remain the gating factor near-term. </p>
<p>Heading into 2022, the brokerage believes margins are a key swing factor as they are closely watching tight supply chains and rising input costs. They continue to believe Servers are most at risk, though think more SW-driven offerings like Intelligent Edge / Storage likely remain more insulated.</p>

NYSE:, HPE