Home Depot will release Q3 numbers November 13

What's Happening With HD View more about HD >

Home Depot (HD) is scheduled to release its third-quarter numbers before the market open November 13. The company is forecast to report earnings of $2.27 per share, up from $1.84 during the same period last year. The stock is down 0.7% on the year.

Technical Analysis

HD was recently trading at $186.42 down $29.01 from its 12-month high and $24.14 above its 12-month low. InvestorsObserver’s Stock Score Report gives HD a 66 long-term technical score and a 76 short-term technical score. The stock has recent support above $172 and recent resistance below $190. Of the 25 analysts who cover the stock 18 rate it Strong Buy, 3 rate it Buy, 4 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, HD gets a score of 72 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

The housing market has definitely cooled in 2018. The Federal Reserve has now raised rates eight times since December 2015, and is expected to raise rates one more time this year in December. In addition, it has already signaled that it will likely lift rates three more times in 2019. Even with the recent rate hikes, rates remain incredibly low. The U.S. interest rate is now in a range of 2 to 2.25 percent, which is historically very low, but the rate hikes have investors concerned about the housing market, and all housing related sectors such as home improvement. HD was doing OK through the summer, but the stock began turning lower in September, and while it has managed to rally a bit with the overall market after the October sell off the stock remains well below its all-time high set in the first part of September, and the market will need to see a very strong set of quarterly numbers to help HD continue to chip away at its recent losses.

The company has a solid earnings track record and has posted better than expected quarterly earnings each of the last eight quarters. The street is looking for another earnings beat with a whisper number of $2.31 for the quarter. Earnings growth has been phenomenal with profits rising 20% per annum over the last five years. That growth is expected to slow slightly moving forward, but analysts forecast average annual earnings growth of 14% for the next five years which should warrant future strength in the stock as long as we don’t see a material negative impact on housing by higher rates. HD is currently trading at $186.42 and the 25 analysts that cover the stock have an average price target of $213.57.

HD
About Home Depot Inc. (The)

Home Depot is the world's largest home improvement specialty retailer, operating nearly 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations sector, while the tie-up with Company Store brought textile expertise to the brand.

  • Last Price:
    $205.50
  • Previous Close:
    $209.39
  • Change:
    $-3.89 (-1.86%)
  • Open:
    $208.15
  • Volume:
    4,647,330
  • Average Volume (100 Day):
    4,271,705
  • Market Capitalization:
    $226.6 B
  • Day's Range:
    $205.12 - $209.26
  • Dividend Yield:
    2.60%
  • 52-week Range:
    $215 - $158.09
  • P-E:
    21.30
  • EPS:
    $9.93
  • Earnings Date:
    8/13/19
  • Ex Dividend Date:
    6/5/19
  • Sector:
    Consumer Cyclical
  • Industry:
    Home Improvement Stores
  • Analyst Average Recommendation:
    Moderate Buy

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