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Is Home Depot (HD) Stock a Solid Choice Right Now?
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One stock that might be an intriguing choice for investors right now is The Home Depot, Inc. (HD - Free Report) . This is because this security in the Building Products – Retail space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Building Products – Retail space as it currently has a Zacks Industry Rank of 23 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Home Depot is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the recent past, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from $3.15 per share to $3.23 per share, while current year estimates have risen from $9.81 per share to $9.91 per share. This has helped HD to earn a Zacks Rank #3 (Hold), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Home Depot. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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Is Home Depot (HD) Stock a Solid Choice Right Now?
One stock that might be an intriguing choice for investors right now is The Home Depot, Inc. (HD - Free Report) . This is because this security in the Building Products – Retail space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Building Products – Retail space as it currently has a Zacks Industry Rank of 23 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Home Depot is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the recent past, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
The Home Depot, Inc. Price and Consensus
The Home Depot, Inc. price-consensus-chart | The Home Depot, Inc. Quote
In fact, over the past month, current quarter estimates have risen from $3.15 per share to $3.23 per share, while current year estimates have risen from $9.81 per share to $9.91 per share. This has helped HD to earn a Zacks Rank #3 (Hold), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Home Depot. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>