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Home Depot (HD) Declines More Than Market: Some Information for Investors
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Home Depot (HD - Free Report) closed the most recent trading day at $284.49, moving -1.23% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. Meanwhile, the Dow lost 0.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
The home-improvement retailer's shares have seen a decrease of 9.92% over the last month, not keeping up with the Retail-Wholesale sector's loss of 6.54% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Home Depot in its upcoming release. The company plans to announce its earnings on November 17, 2026. The company's upcoming EPS is projected at $3.87, signifying a 3.48% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $42.72 billion, indicating a 3.3% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $15 per share and revenue of $171.35 billion, indicating changes of +2.11% and +4.05%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Home Depot. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% increase. Home Depot is currently a Zacks Rank #3 (Hold).
Digging into valuation, Home Depot currently has a Forward P/E ratio of 19.2. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 19.2.
One should further note that HD currently holds a PEG ratio of 3.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Retail - Home Furnishings industry held an average PEG ratio of 1.93.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Home Depot (HD) Declines More Than Market: Some Information for Investors
Home Depot (HD - Free Report) closed the most recent trading day at $284.49, moving -1.23% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.25% for the day. Meanwhile, the Dow lost 0.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
The home-improvement retailer's shares have seen a decrease of 9.92% over the last month, not keeping up with the Retail-Wholesale sector's loss of 6.54% and the S&P 500's loss of 0.42%.
Market participants will be closely following the financial results of Home Depot in its upcoming release. The company plans to announce its earnings on November 17, 2026. The company's upcoming EPS is projected at $3.87, signifying a 3.48% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $42.72 billion, indicating a 3.3% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $15 per share and revenue of $171.35 billion, indicating changes of +2.11% and +4.05%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Home Depot. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.04% increase. Home Depot is currently a Zacks Rank #3 (Hold).
Digging into valuation, Home Depot currently has a Forward P/E ratio of 19.2. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 19.2.
One should further note that HD currently holds a PEG ratio of 3.17. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Retail - Home Furnishings industry held an average PEG ratio of 1.93.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.