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The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported fourth-quarter fiscal 2017 adjusted earnings of $1.69 per share that came ahead of the Zacks Consensus Estimate of $1.62. Also, quarterly earnings jumped 17.4% year over year.
Home Depot, Inc. (The) Price, Consensus and EPS Surprise
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has witnessed a downtrend in the last 30 days. However, Home Depot’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 3.9%.
Revenues: Total revenue increased 7.5% year over year to $23,883 million, and also surpassed the Zacks Consensus Estimate of $23,655 million. Comparable-store sales (comps) in the quarter rose 7.5%, while U.S. comps increased 7.2%.
Key Events: Home Depot has raised its quarterly dividend by 15.7% to $1.03 per share, which is payable on Mar 22, 2018, to shareholders on record as of Mar 8.
Guidance: Home Depot issued guidance for fiscal 2018, which will have a 53-week period. The company expects sales growth of nearly 6.5%, alongside a 5% increase in comps. Further, management anticipates diluted earnings per share to increase about 28% to $9.31 in fiscal 2018. The guidance includes $4 billion impact from share repurchases.\
Further, management has reiterated its sales and operating margin targets for fiscal 2020, while it updated the return on invested capital target to include the impact of the Tax Cuts and Jobs Act of 2017.
Check back later for our full write up on Home Depot’s earnings report!
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Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Image: Bigstock
Home Depot (HD) Beats Q4 Earnings & Sales, Issues 2018 View
The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported fourth-quarter fiscal 2017 adjusted earnings of $1.69 per share that came ahead of the Zacks Consensus Estimate of $1.62. Also, quarterly earnings jumped 17.4% 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 a downtrend in the last 30 days. However, Home Depot’s performance in the trailing four quarters (excluding the quarter under review) gives a positive picture, with an average surprise of 3.9%.
Revenues: Total revenue increased 7.5% year over year to $23,883 million, and also surpassed the Zacks Consensus Estimate of $23,655 million. Comparable-store sales (comps) in the quarter rose 7.5%, while U.S. comps increased 7.2%.
Key Events: Home Depot has raised its quarterly dividend by 15.7% to $1.03 per share, which is payable on Mar 22, 2018, to shareholders on record as of Mar 8.
Guidance: Home Depot issued guidance for fiscal 2018, which will have a 53-week period. The company expects sales growth of nearly 6.5%, alongside a 5% increase in comps. Further, management anticipates diluted earnings per share to increase about 28% to $9.31 in fiscal 2018. The guidance includes $4 billion impact from share repurchases.\
Further, management has reiterated its sales and operating margin targets for fiscal 2020, while it updated the return on invested capital target to include the impact of the Tax Cuts and Jobs Act of 2017.
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.
Check back later for our full write up on Home Depot’s earnings report!
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>