Yahoo Finance Home Depot (HD) Advances While Market Declines: Some Information for Investors
In the latest trading session, Home Depot (HD) closed at $384.01, marking a +0.2% move from the previous day. This move outpaced the S&P 500's daily loss of 0.29%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 0.31%.
Coming into today, shares of the home-improvement retailer had gained 4.35% in the past month. In that same time, the Retail-Wholesale sector gained 4.15%, while the S&P 500 gained 1.57%.
Investors will be eagerly watching for the performance of Home Depot in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.64, signifying a 4.46% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $39.27 billion, indicating a 4.15% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $15 per share and a revenue of $157.58 billion, demonstrating changes of -0.73% and +3.22%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Home Depot. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Home Depot possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Home Depot is currently trading at a Forward P/E ratio of 25.55. This signifies a premium in comparison to the average Forward P/E of 19.52 for its industry.
It's also important to note that HD currently trades at a PEG ratio of 2.65. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Building Products - Retail industry held an average PEG ratio of 3.25.
The Building Products - Retail industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 150, placing it within the bottom 41% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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The Home Depot, Inc. (HD) : Free Stock Analysis Report
