HPQ: Online Metrics Remain Strong in FYQ1’18
Web crawled data points to a strong performance with ASP’s up across the board. Estimated share of bestsellers in the desktop and printing categories has also grown YoY. Eagle Alpha’s Search Signal indicator, based on Google Search data inflected upwards in FYQ1’18 suggesting increased demand for HPQ products.
Our two datasets indicate HPQ performed strongly in FYQ1’18. We see no evidence of adverse performance due to tougher comps that have been guided by management.
HP is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. The company's segments are: Personal Systems, which provides commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support and services; Printing, which provides consumer and commercial printer hardware, supplies, solutions and services, as well as scanning devices; and Corporate Investments, which includes HP Labs and certain business incubation and investment projects.
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