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) Q3 Earnings Beat Estimates; Stock Up
Read MoreHide Full Article
The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported third-quarter fiscal 2016 earnings of $1.60 a share that outperformed the Zacks Consensus Estimate of $1.58. Also, quarterly earnings rose from $1.35 delivered in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been stable over the last 30 days. Home Depot’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 4.2%.
Revenues: Owing to rise in both ticket and transaction sales, total revenue increased 6.1% year over year to $23,154 million and also surpassed of the Zacks Consensus Estimate of $23,036 million. Comparable-store sales (comps) for third-quarter fiscal 2016 rose 5.5%, while U.S. comps increased 5.9%.
Guidance: Home Depot repeated its 2016 sales guidance. The company expects net sales and comps for 2016 to increase 6.3% and 4.9%, respectively. Further, it elevated its fiscal 2016 diluted earnings per share and projects it to rise nearly 15.9% from $6.33 delivered in fiscal 2015.
Stock Movement: Home Depot’s shares are up nearly 2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Home Depot’s earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Home Depot (HD) Q3 Earnings Beat Estimates; Stock Up
The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported third-quarter fiscal 2016 earnings of $1.60 a share that outperformed the Zacks Consensus Estimate of $1.58. Also, quarterly earnings rose from $1.35 delivered in the year-ago quarter.
Earnings Estimate Revision: The Zacks Consensus Estimate for 2016 has been stable over the last 30 days. Home Depot’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 4.2%.
Revenues: Owing to rise in both ticket and transaction sales, total revenue increased 6.1% year over year to $23,154 million and also surpassed of the Zacks Consensus Estimate of $23,036 million. Comparable-store sales (comps) for third-quarter fiscal 2016 rose 5.5%, while U.S. comps increased 5.9%.
Guidance: Home Depot repeated its 2016 sales guidance. The company expects net sales and comps for 2016 to increase 6.3% and 4.9%, respectively. Further, it elevated its fiscal 2016 diluted earnings per share and projects it to rise nearly 15.9% from $6.33 delivered in fiscal 2015.
HOME DEPOT Price, Consensus and EPS Surprise
HOME DEPOT Price, Consensus and EPS Surprise | HOME DEPOT Quote
Zacks Rank: Currently, Home Depot carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Movement: Home Depot’s shares are up nearly 2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Home Depot’s earnings report!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>