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Home Depot (HD) Falls More Steeply Than Broader Market: What Investors Need to Know
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Home Depot (HD - Free Report) closed at $343.92 in the latest trading session, marking a -2.01% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.64%. On the other hand, the Dow registered a loss of 0.59%, and the technology-centric Nasdaq decreased by 0.59%.
Prior to today's trading, shares of the home-improvement retailer had gained 6.07% lagged the Retail-Wholesale sector's gain of 12.67% and the S&P 500's gain of 9.33%.
The investment community will be closely monitoring the performance of Home Depot in its forthcoming earnings report. The company is scheduled to release its earnings on May 19, 2026. The company's earnings per share (EPS) are projected to be $3.42, reflecting a 3.93% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $41.53 billion, reflecting a 4.2% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.03 per share and a revenue of $171.13 billion, indicating changes of +2.31% and +3.91%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Home Depot. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Home Depot presently features a Zacks Rank of #3 (Hold).
Investors should also note Home Depot's current valuation metrics, including its Forward P/E ratio of 23.36. Its industry sports an average Forward P/E of 22.5, so one might conclude that Home Depot is trading at a premium comparatively.
We can additionally observe that HD currently boasts a PEG ratio of 3.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Home Furnishings industry stood at 1.96 at the close of the market yesterday.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Home Depot (HD) Falls More Steeply Than Broader Market: What Investors Need to Know
Home Depot (HD - Free Report) closed at $343.92 in the latest trading session, marking a -2.01% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.64%. On the other hand, the Dow registered a loss of 0.59%, and the technology-centric Nasdaq decreased by 0.59%.
Prior to today's trading, shares of the home-improvement retailer had gained 6.07% lagged the Retail-Wholesale sector's gain of 12.67% and the S&P 500's gain of 9.33%.
The investment community will be closely monitoring the performance of Home Depot in its forthcoming earnings report. The company is scheduled to release its earnings on May 19, 2026. The company's earnings per share (EPS) are projected to be $3.42, reflecting a 3.93% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $41.53 billion, reflecting a 4.2% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.03 per share and a revenue of $171.13 billion, indicating changes of +2.31% and +3.91%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Home Depot. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Home Depot presently features a Zacks Rank of #3 (Hold).
Investors should also note Home Depot's current valuation metrics, including its Forward P/E ratio of 23.36. Its industry sports an average Forward P/E of 22.5, so one might conclude that Home Depot is trading at a premium comparatively.
We can additionally observe that HD currently boasts a PEG ratio of 3.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Home Furnishings industry stood at 1.96 at the close of the market yesterday.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.