The Home Depot (HD) Set to Announce Earnings on Tuesday
The Home Depot (NYSE:HD) is scheduled to release its Q214 earnings data on Tuesday, August 19th. Analysts expect The Home Depot to post earnings of $1.45 per share and revenue of $23.61 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.96 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts expect The Home Depot to post $4.41 EPS for the current fiscal year and $5.12 EPS for the next fiscal year.
Shares of The Home Depot (NYSE:HD) opened at 83.69 on Monday. The Home Depot has a 1-year low of $72.21 and a 1-year high of $84.09. The stock has a 50-day moving average of $81.0 and a 200-day moving average of $79.42. The company has a market cap of $114.5 billion and a P/E ratio of 21.32.
A number of analysts have recently weighed in on HD shares. Analysts at Jefferies Group raised their price target on shares of The Home Depot from $90.00 to $95.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. On a related note, analysts at Wolfe Research upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Finally, analysts at Morgan Stanley initiated coverage on shares of The Home Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $90.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $88.50.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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