Home Depot Inc. (NYSE: HD) is scheduled to release its most recent quarterly earnings report before the markets open on Tuesday. The consensus estimates from Thomson Reuters call for $1.61 in earnings per share (EPS) and $23.72 billion in revenue. In the first-quarter of last year, the big-box retailer posted EPS of $1.44 and $22.76 billion in revenue.
So far in 2017, Home Depot has outperformed the broad markets, with the stock up about 18% in this time. Over the past 52 weeks, the stock is only up 19.5%.
Home Depot could continue to be a benefactor from the huge, ongoing rebuilding efforts across the United States as a result of flooding and tornadoes that have caused extensive damage over the past year. We are about to be in the heat of summer, and there is always a chance for more storms.
The company even saw record sales and net earnings for 2016 in its most recent earnings report.
In a recent analyst report, Jefferies issued a Buy rating with a $182 price target for the stock. The firm further commented on Home Depot in its report:
We believe Home Depot continued to take share in the first quarter and it remains our preferred way to play the reversion to the mean in home improvement spending. The industry is lapping the toughest quarterly comparison of the year, led by a strong February last year. However, trends remain strong as quarter-to-date building materials, hardware and garden supply sales (according to government figures) have grown 6.4% year-over-year while lapping a 10.1% growth over the same time period last year.
Ahead of the earnings report a few other analysts weighed in on the stock:
- BTIG Research has a Buy rating with a $175 price target.
- Atlantic Securities has a Neutral rating with a $168 price target.
- Credit Suisse has a Buy rating with a $163 price target.
- Evercore ISI has an Underweight rating.
- Morgan Stanley has an Overweight rating with a $165 price target.
Shares of Home Depot were last seen at $157.03 on Monday, with a consensus analyst price target of $160.29 and a 52-week trading range of $119.20 to $158.15.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
