Here's What You Missed Out by Overlooking HP (HPQ) Stock

Shares of HP Inc. HPQhave been gaining solid momentum, of late. One of the major reasons behind this could be the company’s stellar second-quarter fiscal 2018 results. Also, encouraging third-quarter and full-fiscal outlook drove its shares higher.

Notably, the company has gained approximately 10.6% since it reported fiscal second-quarter resultson May 29.

In fact, HP has an impressive earnings surprise history with beat the Zacks Consensus Estimate in thrice in the trailing four quarters while matching the same on one occasion. It has an average positive earnings surprise of 4.2%. Backed by the impressive results, the company has issued an upbeat outlook for the third quarter as well as full fiscal.

The stock has outperformed the S&P 500 index in the year-to-date period. HP has returned 12.1% in the said period, while the index has gained 3.5%.