We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Home Depot (HD - Free Report) closed the most recent trading day at $336.93, moving +0.94% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.16%.
Prior to today's trading, shares of the home-improvement retailer had gained 2.34% over the past month. This has outpaced the Retail-Wholesale sector's loss of 1.73% and the S&P 500's loss of 3.32% in that time.
Investors will be hoping for strength from HD as it approaches its next earnings release. On that day, HD is projected to report earnings of $3.30 per share, which would represent year-over-year growth of 3.77%. Our most recent consensus estimate is calling for quarterly revenue of $34.16 billion, up 1.87% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $14.46 per share and revenue of $144.97 billion, which would represent changes of +20.2% and +9.73%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HD. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. HD is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that HD has a Forward P/E ratio of 23.09 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.63.
Also, we should mention that HD has a PEG ratio of 2.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Retail was holding an average PEG ratio of 1.84 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HD in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Home Depot (HD) Outpaces Stock Market Gains: What You Should Know
Home Depot (HD - Free Report) closed the most recent trading day at $336.93, moving +0.94% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.16%.
Prior to today's trading, shares of the home-improvement retailer had gained 2.34% over the past month. This has outpaced the Retail-Wholesale sector's loss of 1.73% and the S&P 500's loss of 3.32% in that time.
Investors will be hoping for strength from HD as it approaches its next earnings release. On that day, HD is projected to report earnings of $3.30 per share, which would represent year-over-year growth of 3.77%. Our most recent consensus estimate is calling for quarterly revenue of $34.16 billion, up 1.87% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $14.46 per share and revenue of $144.97 billion, which would represent changes of +20.2% and +9.73%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HD. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. HD is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that HD has a Forward P/E ratio of 23.09 right now. This valuation marks a premium compared to its industry's average Forward P/E of 15.63.
Also, we should mention that HD has a PEG ratio of 2.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Building Products - Retail was holding an average PEG ratio of 1.84 at yesterday's closing price.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HD in the coming trading sessions, be sure to utilize Zacks.com.