This quick video takes a closer look at Home Depot (HD - Free Report) stock ahead of its earnings report. This home improvement giant has seen some volatility so far in 2016, but it has resulted in a pretty flat performance YTD, putting extra pressure on this report.
Unfortunately for HD investors, the company finds itself in a bottom 10% ranked industry, while the company is a Zacks Rank #4 (sell) too. Plus, Home Depot stock was actually just downgraded into sell territory within the past week, so that is definitely something investors don’t want to see heading into a release.
However, there is some upside for HD, as the company does have an ‘A’ for its VGM score, including grades of ‘A’ for both growth and momentum. And let’s not discount Home Depot’s performance in earnings season either, as the company hasn’t missed estimates in the past five years, including a 4.15% average beat in the past four quarters.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
This quick video takes a closer look at Home Depot (HD - Free Report) stock ahead of its earnings report. This home improvement giant has seen some volatility so far in 2016, but it has resulted in a pretty flat performance YTD, putting extra pressure on this report.
Unfortunately for HD investors, the company finds itself in a bottom 10% ranked industry, while the company is a Zacks Rank #4 (sell) too. Plus, Home Depot stock was actually just downgraded into sell territory within the past week, so that is definitely something investors don’t want to see heading into a release.
However, there is some upside for HD, as the company does have an ‘A’ for its VGM score, including grades of ‘A’ for both growth and momentum. And let’s not discount Home Depot’s performance in earnings season either, as the company hasn’t missed estimates in the past five years, including a 4.15% average beat in the past four quarters.
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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