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Home Depot (HD) Increases Despite Market Slip: Here's What You Need to Know
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Home Depot (HD - Free Report) ended the recent trading session at $294.07, demonstrating a +1.19% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
The stock of home-improvement retailer has fallen by 6.51% in the past month, lagging the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Home Depot in its upcoming earnings disclosure. The company's earnings report is set to go public on November 17, 2026. On that day, Home Depot is projected to report earnings of $3.86 per share, which would represent year-over-year growth of 3.21%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $42.72 billion, up 3.3% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.02 per share and a revenue of $171.44 billion, indicating changes of +2.25% and +4.1%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Home Depot. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% higher within the past month. Currently, Home Depot is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Home Depot is presently trading at a Forward P/E ratio of 19.35. For comparison, its industry has an average Forward P/E of 16.52, which means Home Depot is trading at a premium to the group.
It is also worth noting that HD currently has a PEG ratio of 2.07. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Retail - Home Furnishings industry was having an average PEG ratio of 1.47.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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) Increases Despite Market Slip: Here's What You Need to Know
Home Depot (HD - Free Report) ended the recent trading session at $294.07, demonstrating a +1.19% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.02%. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.15%.
The stock of home-improvement retailer has fallen by 6.51% in the past month, lagging the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of Home Depot in its upcoming earnings disclosure. The company's earnings report is set to go public on November 17, 2026. On that day, Home Depot is projected to report earnings of $3.86 per share, which would represent year-over-year growth of 3.21%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $42.72 billion, up 3.3% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.02 per share and a revenue of $171.44 billion, indicating changes of +2.25% and +4.1%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Home Depot. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% higher within the past month. Currently, Home Depot is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Home Depot is presently trading at a Forward P/E ratio of 19.35. For comparison, its industry has an average Forward P/E of 16.52, which means Home Depot is trading at a premium to the group.
It is also worth noting that HD currently has a PEG ratio of 2.07. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Retail - Home Furnishings industry was having an average PEG ratio of 1.47.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 104, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.