Analysts will be looking for signs that the relatively good news that HP reported in February can be sustained. For one thing, Whitman got to report revenue growth for the first time in her tenure as CEO, though only after backing out the negative effects of currency exchange rates. Still, as a mark of progress, she was happy to take it.
The consensus view of the analysts polled by Thomson Reuters calls for HP to report a profit of 88 cents a share on revenue of $27.4 billion. That would amount to an improvement of a penny a share on the bottom line, but another decline in revenue of about $200 million.
That said, HP did signal an improvement in its overall outlook last quarter, and raised its guidance on what it expects to earn this year. PC sales at long last showed signs of stabilizing after the slow-motion train wreck that business had been, and actually grew. The Enterprise business fell slightly but looked close to stabilizing. Printing fell too, by a relatively stable two percent.