HP (HPQ) Stock Drops Despite Market Gains: Important Facts to Note

HP (HPQ) declined 6.91% to $30.20 in the latest session, underperforming the S&P 500's 0.6% gain. Despite a Zacks Rank #1 (Strong Buy) rating and attractive Forward P/E valuation of 10.04, analysts expect earnings to fall 19.35% year-over-year in the upcoming earnings report, though revenue is projected to rise 5.69%.