Earnings Growth & Price Strength Make Home Depot (HD) a Stock to Watch
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Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
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It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
Focus List Spotlight: Home Depot (HD)
Based on net sales, The Home Depot Inc. is the world’s largest home improvement specialty retailer with 2,298 retail stores across the globe as of the end of second-quarter fiscal 2021. It offers a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, décor products and related services.
HD, a #3 (Hold) stock, was added to the Focus List on October 15, 2015 at $120.27 per share. Since then, shares have increased 176.98% to $333.12.
11 analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.46 to $14.46. HD also boasts an average earnings surprise of 9.2%.
Additionally, HD's earnings are expected to grow 20.2% for the current fiscal year.
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The Home Depot, Inc. (HD): Free Stock Analysis Report
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