Margin expansion - Gross and operating profit margins increased sharply, reflecting higher revenue and what management called disciplined execution.
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$12.21 billion
$11.91 billion (16 analysts)
Q3 Net Income Attributable to HPE
$1.54 billion
Q3 Net Cash Provided by Operating Activities
$1.64 billion
The current average analyst rating on the shares is buy, with 16 strong buy or buy, 8 hold, and no sell or strong sell recommendations.
The average consensus recommendation for the computer hardware peer group is buy.
Wall Street's median 12-month price target for Hewlett Packard Enterprise Company is $68.00, about 33.7% above its September 1 closing price of $50.87.
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 17 three months ago.
HPE•
