Home Depot Inc. (NYSE: HD) is scheduled to release its fiscal first-quarter financial results before the markets open on Tuesday. The consensus estimates are calling for $2.19 in earnings per share (EPS) and $26.39 billion in revenue. The same period of last year reportedly had $2.08 in EPS and $24.95 billion in revenue.
In the fiscal fourth quarter, same-store sales rose 3.2% globally and 3.7% in the United States. The company noted that the fourth quarter included 14 weeks, compared to 13 weeks in the prior year. The extra week was not included in the same-store sales calculations.
Earlier this spring, Home Depot announced that it is maintaining its announced seasonal hiring level at 80,000 (as it has for the past three years).
Also amid the trade talks with China, Home Depot is fairly well insulated against any backlash that most of the markets currently are feeling.
Overall, Home Depot has performed in line with the broad markets, with its stock up about 12% year to date. In the past 52 weeks, the stock is only up about 3%.
A few analysts weighed in on Home Depot ahead of the report:
- RBC has a Buy rating with a $217 price target.
- Robert Baird has a Positive rating.
- Wells Fargo has an Outperform rating with a $215 price target.
- Telsey Advisory Group has a Market Perform rating and a $192 target.
- Morgan Stanley’s Overweight rating comes with a $210 price target.
- Merrill Lynch has a Neutral rating with a $202 price target.
- Citigroup has a Buy rating with a $218 price target.
Shares of Home Depot were last seen trading at $192.41, in a 52-week range of $158.09 to $215.43. The consensus price target is $205.86.
24/7 Wall St.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.