HP (HPQ) Outperforms Broader Market: What You Need to Know

HP (HPQ) closed at $30.85, up 1.28%, and received a Zacks Rank #1 Strong Buy rating. While the stock has lagged over the past month, analysts project a 19.35% EPS decline for the upcoming quarter, offset by expected 5.69% revenue growth. HP trades at a Forward P/E of 9.43, significantly below the industry average of 19.47, suggesting undervaluation.