Longs Maintain Slim Advantage Trading Home Depot off Earnings-Driven Pre-Market Trade

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Home Depot ( HD ) is due with its Q3 results in the pre-market on Tuesday, Nov. 19, and analysts polled by Capital IQ expect the company to report a profit of $0.89 per share on revenue of $19.16 billion.

Home Depot has just favored a long-term reversal pattern between the sessions, cutting back or reversing course in the following regular sessions after 19 of the last 35 pre-market earnings events we've tracked.

Looking deeper into the performance data, HD is recently favoring the long side in adding to its earnings-driven pre-market gains in the follow-on regular session. In 23 quarters of the 35 we've tracked, the stock recorded a pre-market advance. In 12 of those quarters, 52% of the time, the stock has added to its gains in the following regular session. On the downside, HD is about mixed, recording 12 quarters where it has seen an earnings-driven pre-market decline, adding to its downside six times and narrowing its declines six times in the following regular session.


On Aug. 20, 2013, HD advanced 2.7% in pre-marke trade after topping Q2 expectations. The stock reversed direction in that day's regular session, ending down 1.2%.

On May 21, 2013, HD gained 3.3% in pre-bell trade after beating Q1 estimates. The stock narrowed its upside in that day's regular session, ending with a 2.5% rise.

On Feb. 26, 2013, HD advanced 2.6% in pre-market trade after blowing past Q4 expectations and setting its FY 2013 EPS guidance below the Street. The stock charged higher in that day's regular session, ending up 5.7%.

On Nov. 13, 2012, HD gained 1.9% in pre-bell trade after topping Q3 estimates and setting its FY 2013 EPS outlook above Street expectations. The stock moved higher in that day's regular session, ending up 3.6%.

On Aug. 14, 2012, HD advanced 2% in pre-market action after beating Q2 earnings estimates and reaffirming its outlook. The stock firmed higher in that day's regular session, closing up 3.5%.

On May 15, 2012, HD declined 4.5% in pre-bell trade after issuing weaker-than-expected guidance. The stock cut its downside in that day's regular session, ending down 2.4%.

On Feb. 21, 2012, HD gained 2.9% In pre-bell action after beating Q4 expectations and setting guidance above the Street view. The stock lost most of its gains in that day's regular session, ending up a mere 0.4%.

On Nov. 15, 2011, HD gained 1.1% in pre-market action after beating Q3 estimates and raising its earnings outlook. The stock lost its gain in that day's regular session, ending down 0.4%.

On Aug. 16, 2011, HD advanced 5% in pre-bell trade after beating Q2 expectations and raising its earnings view. It added modestly to its upside in the follow-on regular session, ending up 5.2%.

On May 17, 2011, the stock rose 0.9% after the company just beat with EPS but was shy with sales. Shares rose 1.1% during the day's regular trading session.

On Feb. 22, 2011, HD gained 2.1% in pre-market trade after beating Q4 expectations. The stock reversed direction in the follow-on regular session, ending the day down 1%.

On Nov. 16, 2010, HD edged up 0.8% in pre-bell trade after beating Q3 earnings estimates and posting in-line revenue results. The stock added slightly to its upside in that day's regular session, closing up 1%.

On August 17, 2010, the stock rose 1.4% in the pre-market session after a narrow Q2 beat but mixed revenue and extended that move 3.3% during the following regular trading session.

On May 18, 2010, the stock edged up 0.8% after a Q1 beat and guides for FY EPS just above the Street view. Shares reversed and closed down 2.4% during the day's following session.

On Feb. 23, 2010, the stock was up 0.8% during extended-hours trading after reporting ahead of the Street with Q4 results. Shares gained 1.4% during regular trading.

On Nov. 17, 2009, HD declined 1.9% in pre-bell action despite reporting better-than-expected results and guidance. The stock firmed deeper in the red that day, ending the regular session down 2.4%.

On Aug. 18, 2009, HD advanced 3% in pre-market trade after beating earnings expectations but coming in shy on revenue. The stock eked out a slightly larger upside in the follow-on regular session, ending the day up 3.1%.

On May 19, 2009, HD declined 2.2% in pre-market trade despite beating Q1 expectations. The stock saw its declines head deeper in the red in the May 19 regular session, ending down 5.3%.

On Feb. 24, 2009, HD advanced 4.7% in pre-market action after topping Q4 expectations. It added to its upside in the following regular session, rising 10.5% by the Feb. 24 closing bell.

On Nov. 18, 2008, HD advanced 3.4% in pre-market trade after beating Q3 expectations and guiding for declines in sales and earnings. The stock edged just higher in the following regular session, closing with a 3.5% gain.

On Aug. 19, 2008, HD shed a slim 0.2% in pre-market trade after beating Q2 expectations but also issuing a weaker outlook. The stock added to its declines in the following regular session, losing 3.7% by the close on Aug. 19.

On May 20, 2008, HD declined 3.5% in pre-market trade despite beating Q1 expectations. The stock added to its downside in the May 20 regular session, losing 5.2% by the closing bell.

On Feb. 26, 2008, the stock fell 1.6% during pre-market trading after HD misses with Q4 results and offers disappointing guidance. The stock reversed to close regular trading up 0.03%.

On Nov. 13, 2007, HD declined 1.9% in pre-market trade aftermissing Q3 expectations. It turned from the red in the regular session and ended the day with a 2.3% gain.

On Aug. 14, 2007, HD declined 0.3% in pre-market trade despite topping Q2 expectations. It cut its downside and firmed to the flatline in that day's regular session.

On May 15, 2007, the stock dropped 2.6% in the pre-market hours after HD reported shy of the Street view with Q1 results and guided for FY at lower end of previous range. The share loss was pared to 1.8% by the closing bell.

On Feb. 20, 2007, HD shed 1.7% in pre-market trade after the company reported Q4 sales below Street expectations. It cut back that downside in the Feb. 20 regular session, ending the day down a slim 0.2%.

On Nov. 14, 2006, HD slipped 1.3% in pre-market trade after the company reported improved year-over-year results, but the numbers were still shy of expectations. The downside was turned around in that day's regular session, and HD closed the day with a strong 4.3% rise.

On Aug. 15, 2006, HD gained 3.8% in pre-market trade after the company beat Q2 expectations and forecast it anticipates meeting the low end of full year guidance range. The gain was knocked back a bit in the regular session as HD ended the day up 3.5%.

On May 16, 2006, HD declined 2.5% in pre-market trade after beating on earnings and posting revenue about in line with expectations. The stock added to its downside between the bells, ending the day down 5%.

On Feb. 21, 2006, HD jumped 2.6% in pre-market trade after the company topped Street expectations. This healthy gain failed to maintain support into the regular session as HD ultimately ended that day's regular session up a mere 0.2%.

On Nov. 15, 2005, HD advanced 1.1% in pre-market trade after the company beat Q3 expectations and raised its growth guidance. Those pre-bell gains evaporated in the regular session as HD ended the day down 0.4%.

On Aug. 16, 2005, HD dipped 0.4% in pre-market trading despite topping Q3 expectations and raising earnings growth guidance. It widened its loss in the subsequent regular session, slipping 2.2%.

HD gained 4.3% on the morning of May 17, 2005, after topping Street EPS expectations but missing sales forecasts, and reaffirming its 2005 growth guidance. It narrowed its gain in the same-day regular session, climbing 4%.

On Nov. 16, 2004, HD edged up 0.7% in pre-market trading after topping the Q3 Street view and raising earnings growth guidance. It reversed course in the subsequent regular session, slipping 1.8%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: HD

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