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Ahead of Home Depot (HD) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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In its upcoming report, Home Depot (HD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.71 per share, reflecting an increase of 0.6% compared to the same period last year. Revenues are forecasted to be $47.5 billion, representing a year-over-year increase of 4.9%.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Home Depot metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Number of stores - Retail' reaching 2,365 . Compared to the present estimate, the company reported 2,353 in the same quarter last year.
The consensus among analysts is that 'Sales per store' will reach $19.40 million. The estimate is in contrast to the year-ago figure of $19.24 million.
According to the collective judgment of analysts, 'Number of customer transactions - Retail' should come in at 439.99 million. Compared to the present estimate, the company reported 446.80 million in the same quarter last year.
Analysts forecast 'Average ticket - Retail' to reach $92.48 . The estimate compares to the year-ago value of $90.01 .
Over the past month, shares of Home Depot have returned +0.6% versus the Zacks S&P 500 composite's +2.4% change. Currently, HD carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Ahead of Home Depot (HD) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
In its upcoming report, Home Depot (HD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.71 per share, reflecting an increase of 0.6% compared to the same period last year. Revenues are forecasted to be $47.5 billion, representing a year-over-year increase of 4.9%.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Home Depot metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Number of stores - Retail' reaching 2,365 . Compared to the present estimate, the company reported 2,353 in the same quarter last year.
The consensus among analysts is that 'Sales per store' will reach $19.40 million. The estimate is in contrast to the year-ago figure of $19.24 million.
According to the collective judgment of analysts, 'Number of customer transactions - Retail' should come in at 439.99 million. Compared to the present estimate, the company reported 446.80 million in the same quarter last year.
Analysts forecast 'Average ticket - Retail' to reach $92.48 . The estimate compares to the year-ago value of $90.01 .
View all Key Company Metrics for Home Depot here>>>Over the past month, shares of Home Depot have returned +0.6% versus the Zacks S&P 500 composite's +2.4% change. Currently, HD carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .