Back to top

Image: Bigstock

Your Two Minute Earnings Preview for Home Depot (HD) Stock

Read MoreHide Full Article

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.

HOME DEPOT Price and EPS Surprise

HOME DEPOT Price and EPS Surprise | HOME DEPOT Quote

So, while HD may beat, the overall picture for the stock looks likely to rely on the outlook more than anything, as well as what happens with interest rates and the overall housing market perceptions now.

Home Depot reports before the bell on 11/15 and we are looking for earnings of $1.58 per share. Make sure to watch the video for a quick guide to HD stock heading into the report, but if you want to learn more about trading in earnings season, check out our Zacks Live Trader below for additional information on ways to use options to trade stocks around their quarterly reports:

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 >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


The Home Depot, Inc. (HD) - free report >>