We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
There is nothing that can rocket a stock into the stratosphere like an earnings report. A big beat and you are an instant rock star. Have a history of big beats and you become a thing of legend. Today’s Bull of the Day is already a legend. It’s a stock I’m sure all of you know and a store that you have all been too. Heck, my parents go there just to walk around and stare at stuff to buy. Yes, it’s their favorite pass-time.
I am talking about Zacks Rank #1 (Strong Buy) Home Depot (HD - Free Report) . The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and decor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Last quarter’s 51-cent upside surprise for Home Depot was the latest in a long line of earnings beats. Over the last four quarters alone, the company has beat earnings by an average of 39-cents or 12.09%. The upside surprise caused analysts to take note and shift their earnings estimates
Home Depot is in the Building Products – Retail industry which ranks in the Top 6% of our Zacks Industry Rank. The stock is currently a Zacks Rank #1 (Strong Buy) because of the series of earnings estimate revisions coming from analysts all over Wall Street.
Over the last week alone, twelve analysts have increased their earnings estimates for Home Depot’s current year and next year. The bullish sentiment pushed up our Zacks Consensus Estimates for the current year from $14.46 to $15.42 while next year’s number is up from $15.05 to $16.06. Current year EPS growth is forecast to come in at 28.1% while next year’s number is expected to slow to 4.13%. That’s on revenue growth of 13.3% for this year and 1.4% for next year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bull of the Day: Home Depot (HD)
There is nothing that can rocket a stock into the stratosphere like an earnings report. A big beat and you are an instant rock star. Have a history of big beats and you become a thing of legend. Today’s Bull of the Day is already a legend. It’s a stock I’m sure all of you know and a store that you have all been too. Heck, my parents go there just to walk around and stare at stuff to buy. Yes, it’s their favorite pass-time.
I am talking about Zacks Rank #1 (Strong Buy) Home Depot (HD - Free Report) . The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, building materials, lawn and garden products, and decor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
Last quarter’s 51-cent upside surprise for Home Depot was the latest in a long line of earnings beats. Over the last four quarters alone, the company has beat earnings by an average of 39-cents or 12.09%. The upside surprise caused analysts to take note and shift their earnings estimates
The Home Depot, Inc. Price and Consensus
The Home Depot, Inc. price-consensus-chart | The Home Depot, Inc. Quote
Home Depot is in the Building Products – Retail industry which ranks in the Top 6% of our Zacks Industry Rank. The stock is currently a Zacks Rank #1 (Strong Buy) because of the series of earnings estimate revisions coming from analysts all over Wall Street.
Over the last week alone, twelve analysts have increased their earnings estimates for Home Depot’s current year and next year. The bullish sentiment pushed up our Zacks Consensus Estimates for the current year from $14.46 to $15.42 while next year’s number is up from $15.05 to $16.06. Current year EPS growth is forecast to come in at 28.1% while next year’s number is expected to slow to 4.13%. That’s on revenue growth of 13.3% for this year and 1.4% for next year.