The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020.Home Depot will report its latest earnings results Tuesday as the retailer pushes to draw more sales from home professionals such as roofers and landscapers.Here's what Wall Street is expecting for the fiscal first quarter, based on a survey of analysts by LSEG:Earnings per share: $3.60 expectedRevenue: $36.66 billion expectedHome Depot is contending with a tougher housing backdrop, which has dampened demand ...

Monday, May 13th, 2024The Dow finally broke its 8-day winning streak today. In truth, this run didn’t seem so much like a breakaway to a higher orbit and more of a re-establishing levels given up during a dip mid-April. The blue-chip index dropped -81 points today, -0.21%, whereas the S&P 500 was virtually breakeven today: -0.024%. The Nasdaq gained +0.30% for the session and the small-cap Russell 2000 grew +0.16%.Since roughly Election Day 2020, all major indices are up nicely. This, of course, encompasses ...

Meet a cyclical company that has turned itself into a reliable dividend stock.Home Depot (HD -1.50%) is a top blue-chip dividend stock and a well-known home improvement leader. But the stock has cooled off.As of late April, Home Depot stock was down over 20% from its peak. The stock is flat year to date compared to gains in the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average (Home Depot is one of 30 Dow components).Let's dive into Home Depot's challenges, what to look for when it reports earning ...

The Home Depot logo is seen in Florida Keys, United States on May 7, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesNote: Home Depot FY’23 ended on January 28, 2024.Home Depot (NYSE: HD) is scheduled to report its fiscal first-quarter results on Tuesday, May 14. We expect the company’s stock to likely trade higher with its revenues and earnings beating the market expectations marginally. The company’s stock has been flat since the beginning of this year due to fall ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Home Depot (HD) .Home Depot currently has an average brokerage re ...

The S&P 500 has delivered impressive returns over the past year, especially in 2023, when tech stocks soared, leading the index to a remarkable 25% gain. However, not all stocks within the S&P 500 are positioned for continued success. Some of these S&P 500 stocks to sell are overvalued or face looming challenges.Macroeconomic factors such as rising inflation, high interest rates and concerns over global demand have weighed heavily on the broader market. The Federal Reserve recently maintained its interest r ...

These broken stocks have intact fundamentals to help your portfolio.The broader stock market is near all-time highs, but that doesn't mean all stocks are. Remember, the stock market is a market of stocks, not a single entity. Despite the index's success, the S&P 500 is littered with stocks nowhere close to their highs.That's a potential buying opportunity for long-term investors who can identify broken stocks while avoiding broken businesses. Sometimes, stocks decline for short-term reasons or no reason at ...

This industry-leading business is now a well-known brand most people are familiar with.There's no denying that investing in the stock market is one of the best ways to build wealth. The S&P 500 has produced a respectable return over the long run. But individual businesses have fared significantly better. Just look at Home Depot (HD -0.29%).This top-retail stock has generated a total return, including dividends, of 2,786,000% since its initial public offering (IPO) in September of 1981. If you invested $1,00 ...

Home Depot, Inc. (HD) is set to report first-quarter fiscal 2024 results on May 14, before market open. Its top and bottom lines are likely to have declined year over year in the to-be-reported quarter. The Zacks Consensus Estimate for the company’s fiscal first-quarter earnings of $3.61 per share indicates a decline of 5.5% from the year-ago period’s reported figure. The consensus estimate has been unchanged in the past 30 days.The consensus mark for quarterly revenues is pegged at $36.7 billion, indicatin ...

Analyst Estimates for Q1 2024Q4 2023Q1 2023Revenue$36.65 billion$34.79 billion$37.26 billionDiluted EPS$3.58$2.82$3.82Net Income$3.54 billion$2.8 billion$3.87 billion Key Metric: Big-Ticket Sales Home Depot has said multiple times over the last year that inflation negatively impacted sales of big-ticket items, which Home Depot classifies as transactions greater than $1,000, as consumers became less likely to take on significant home improvement projects, weighing on Home Depot's sales. The retailer has a ...