HP (HPQ) Outpaces Stock Market Gains: What You Should Know

By Elena Rossi · Crypto & Macro Correspondent

May 5, 2026 · 3 min read

HP (HPQ) Outpaces Stock Market Gains: What You Should Know

Zacks Equity Research Tue, May 5, 2026 at 6:00 PM EDT 3 min read

HPQ
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In the latest trading session, HP (HPQ) closed at $21.15, marking a +1.54% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.81%. Meanwhile, the Dow experienced a rise of 0.73%, and the technology-dominated Nasdaq saw an increase of 1.03%.

Heading into today, shares of the personal computer and printer maker had gained 9.82% over the past month, lagging the Computer and Technology sector's gain of 17.98% and outpacing the S&P 500's gain of 9.47%.

The investment community will be paying close attention to the earnings performance of HP in its upcoming release. On that day, HP is projected to report earnings of $0.71 per share, which would represent no growth from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $14.05 billion, showing a 6.26% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $2.84 per share and revenue of $56.83 billion, which would represent changes of -8.97% and +2.77%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for HP. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HP presently features a Zacks Rank of #3 (Hold).

In terms of valuation, HP is currently trading at a Forward P/E ratio of 7.34. This signifies a discount in comparison to the average Forward P/E of 14.84 for its industry.