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What Analyst Projections for Key Metrics Reveal About Home Depot (HD) Q3 Earnings
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In its upcoming report, Home Depot (HD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.87 per share, reflecting an increase of 3.5% compared to the same period last year. Revenues are forecasted to be $42.72 billion, representing a year-over-year increase of 3.3%.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer 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 2,369 . The estimate compares to the year-ago value of 2,356 .
The collective assessment of analysts points to an estimated 'Sales per store' of $17.99 million. The estimate compares to the year-ago value of $17.55 million.
Based on the collective assessment of analysts, 'Number of customer transactions - Retail' should arrive at 390.97 million. The estimate compares to the year-ago value of 393.50 million.
The consensus estimate for 'Average ticket - Retail' stands at $92.24 . The estimate is in contrast to the year-ago figure of $90.39 .
Over the past month, Home Depot shares have recorded returns of +18.9% versus the Zacks S&P 500 composite's -2.4% change. Based on its Zacks Rank #3 (Hold), HD will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About Home Depot (HD) Q3 Earnings
In its upcoming report, Home Depot (HD - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.87 per share, reflecting an increase of 3.5% compared to the same period last year. Revenues are forecasted to be $42.72 billion, representing a year-over-year increase of 3.3%.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer 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 2,369 . The estimate compares to the year-ago value of 2,356 .
The collective assessment of analysts points to an estimated 'Sales per store' of $17.99 million. The estimate compares to the year-ago value of $17.55 million.
Based on the collective assessment of analysts, 'Number of customer transactions - Retail' should arrive at 390.97 million. The estimate compares to the year-ago value of 393.50 million.
The consensus estimate for 'Average ticket - Retail' stands at $92.24 . The estimate is in contrast to the year-ago figure of $90.39 .
View all Key Company Metrics for Home Depot here>>>Over the past month, Home Depot shares have recorded returns of +18.9% versus the Zacks S&P 500 composite's -2.4% change. Based on its Zacks Rank #3 (Hold), HD will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .