HP Inc. Q2 Earnings Preview

Deutsche Bank analysts shared their outlook on HP Inc. (NYSE:HPQ) ahead of the company’s upcoming Q2 earnings, expected to be reported on May 31.
The analysts expect Q2 results and Q3 guidance to be negatively impacted by the worsening supply chain constraints, and see risks that revenue would be more back-end loaded for its full year outlook than the company previously guided. That said, the analysts expect the company to suggest end demand remains strong, especially for the company’s key growth areas such as commercial, gaming and peripherals, and they believe it’s unlikely that management would comment on a more broad-based demand weakness driven by macro uncertainties.
The analysts believe profitability is a key metric to monitor, as it indirectly reflects the demand environment as well as the company’s confidence in raising prices.

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