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) Beats Q3 Earnings & Sales Estimates, View Up
Read MoreHide Full Article
The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported third-quarter fiscal 2017 earnings of $1.84 a share, ahead of the Zacks Consensus Estimate of $1.81. Also, quarterly earnings jumped 15% year over year.
Home Depot, Inc. (The) Price, Consensus and EPS Surprise
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has witnessed an uptrend in the last seven days. Home Depot’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 3.8%.
Revenues: Total revenue increased 8.1% year over year to $25,026 million, and also surpassed the Zacks Consensus Estimate of $24,523 million. Comparable-store sales (comps) in the quarter rose 7.9%, while U.S. comps increased 7.7%.
Guidance: Home Depot raised its fiscal 2017 sales and earnings outlook on the back of solid year-to-date results. The company now expects sales growth of nearly 6.3%, alongside a 6.5% increase in comps. Earlier, the company expected net sales to grow 5.3% and comps for fiscal 2017 to increase 5.5%. Further, management now anticipates diluted earnings per share to increase about 14% to $7.36 in fiscal 2017, compared with the previous guidance of 13% growth to $7.29. The guidance includes $8 billion impact from share repurchases.
Stock Movement: Home Depot’s shares rose 2.2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Home Depot’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Home Depot (HD) Beats Q3 Earnings & Sales Estimates, View Up
The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported third-quarter fiscal 2017 earnings of $1.84 a share, ahead of the Zacks Consensus Estimate of $1.81. Also, quarterly earnings jumped 15% year over year.
Home Depot, Inc. (The) Price, Consensus and EPS Surprise
Home Depot, Inc. (The) Price, Consensus and EPS Surprise | Home Depot, Inc. (The) Quote
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has witnessed an uptrend in the last seven days. Home Depot’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 3.8%.
Revenues: Total revenue increased 8.1% year over year to $25,026 million, and also surpassed the Zacks Consensus Estimate of $24,523 million. Comparable-store sales (comps) in the quarter rose 7.9%, while U.S. comps increased 7.7%.
Guidance: Home Depot raised its fiscal 2017 sales and earnings outlook on the back of solid year-to-date results. The company now expects sales growth of nearly 6.3%, alongside a 6.5% increase in comps. Earlier, the company expected net sales to grow 5.3% and comps for fiscal 2017 to increase 5.5%. Further, management now anticipates diluted earnings per share to increase about 14% to $7.36 in fiscal 2017, compared with the previous guidance of 13% growth to $7.29. The guidance includes $8 billion impact from share repurchases.
Zacks Rank: Currently, Home Depot carries a Zacks Rank #2 (Buy), 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 rose 2.2% during pre-market trading hours following the earnings release.
Check back later for our full write up on Home Depot’s earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>