Hewlett Packard Enterprises (not to be confused with the computer-making entity from which it was split) is getting tons of love because it stepped up to contribute technology to the fight against Coronavirus. Now, HPE has earnings on the way May 21, and as tech companies have been bouncing back from the spring market swoon, this is one tech company that needs to catch up to peers.
Hewlett Packard Enterprises' ($NYSE:HPE) Facebook Talking About Count - or, how much chatter the company gets on the social network - soared after it announced it would use its high-performance computing technology to speed along the drug discovery process to help develop treatments and a vaccine for the Coronavirus outbreak.
Prior to that, the company also announced that its financing division would work to help partners impacted by the pandemic.
It has been noted that China is a key market for HPE - which could put its' operations at a disadvantage this quarter, but prove as a boost going forward, as China accelerates its economic rebound.
However, Thinknum data reflects that job postings - not shown - have been on a steady decline for HPE.
Analysts tracked by Zacks Investment Research are expecting declining EPS of $0.32 per share when HPE reports results Thursday, May 21. So far this year, shares are down more than 37%, as HPE - and, Hewlett Packard ($NYSE:HPQ), the company from which HPE has been spun out, has also endured a rough 2020 in comparison to the broader tech sector.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales, and app ratings - and creates data sets that measure factors like hiring, revenue, and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.