HP (HPQ) Sees a More Significant Dip Than Broader Market: Some Facts to Know

HP stock declined 1.22% on the trading session, underperforming the S&P 500's 0.51% loss. Over the past month, HPQ shares have depreciated 10.4%, significantly underperforming its sector. The company is expected to report a 19.35% EPS decline for the upcoming quarter, though full-year revenue is projected to grow 8.52%. HP currently holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 8.91, trading at a discount to its industry average.