HP Enterprise sees FY23 EPS $2.11-$2.15, consensus $2.14

The company states, “HPE forecasts revenue to grow 4% to 6%, in constant currency, with the effects of foreign exchange expected to be approximately a 300-basis-point headwind for the year. Fiscal 2023 GAAP operating profit growth is to be approximately 163% and non-GAAP operating profit growth is to be approximately 4%. This excludes costs of approximately $1.1 billion primarily related to stock-based compensation, transformation costs, amortization of intangible assets, and acquisition, disposition, and other related charges. Both operating profit growth forecasts are below earlier expectations. Fiscal year 2023 GAAP diluted net EPS is forecasted to be in the range of $1.35 to $1.39, and non-GAAP diluted net EPS is forecasted to be in the range of $2.11 and $2.15. Fiscal 2023 non-GAAP diluted net EPS excludes after-tax costs of approximately $0.76 per share primarily related to stock-based compensation expense, transformation costs, amortization of intangible assets, acquisition, disposition and other related charges, and structural tax rate adjustments. Fiscal year 2023 free cash flow is expected to be between $1.9 billion and $2.1 billion.”