What's Happening with HDS
Industrial supply company HD Supply (HDS) is expected to post its first-quarter results June 5. The company will release its quarterly numbers before the market open, with the consensus calling for earnings of $0.63 per share. HDS has appreciated 4.3% on the year.
Technical Analysis
HDS was recently trading at $41.33, down $0.56 from its 12-month high and $12.36 above its 12-month low. Overall technical indicators for HDS are bullish and the stock is in a strong upward trend. The stock has recent support above $39.50, and recent resistance below $42.00. Of the 13 analysts who cover the stock, seven rate it a "strong buy", one rates it a "buy", and five rate it a "hold". HDS gets a score of 79 from InvestorsObserver's Stock Score Report.
Analysts' Thoughts
HDS has enjoyed steady gains over the last year, with the stock currently trading just shy of its 52-week high. The company posted positive earnings surprises the last two quarters, and better than expected sales in each of the last four quarters. Traders are expecting another earnings beat for the recent quarter, with a whisper number of 64 cents for the quarter, a penny above the consensus. Strength in the overall economy is likely to keep demand strong for HD Supply, and as long as the company is able to hit its estimates the stock has more upside potential. Analysts have a $44.44 price target on the stock.