The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported first-quarter fiscal 2018 adjusted earnings of $2.08 per share that came ahead of the Zacks Consensus Estimate of $2.06. Also, quarterly earnings jumped 24.6% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 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 earnings surprise of 2.9%.
Revenues: Total revenue increased 4.4% year over year to $24,947 million but missed the Zacks Consensus Estimate of $25,202 million. Comparable-store sales (comps) in the quarter rose 4.2%, while U.S. comps increased 3.9%.
Guidance: Home Depot expects sales growth of nearly 6.7%, alongside a 5% increase in comps. Further, management continues to anticipate earnings per share to increase about 28% to $9.31 in fiscal 2018.
Zacks Rank: Currently, Home Depot carries a Zacks Rank #4 (Sell), 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!
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The Home Depot, Inc. (HD - Free Report) , the world’s largest home improvement specialty retailer reported first-quarter fiscal 2018 adjusted earnings of $2.08 per share that came ahead of the Zacks Consensus Estimate of $2.06. Also, quarterly earnings jumped 24.6% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2018 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 earnings surprise of 2.9%.
Revenues: Total revenue increased 4.4% year over year to $24,947 million but missed the Zacks Consensus Estimate of $25,202 million. Comparable-store sales (comps) in the quarter rose 4.2%, while U.S. comps increased 3.9%.
Guidance: Home Depot expects sales growth of nearly 6.7%, alongside a 5% increase in comps. Further, management continues to anticipate earnings per share to increase about 28% to $9.31 in fiscal 2018.
Zacks Rank: Currently, Home Depot carries a Zacks Rank #4 (Sell), 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!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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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