Home improvement stocks are incredibly relevant in today’s seller-driven real estate market.With scarcity in home listings and prices on the rise, homeowners have been tapping into home equity to boost property values through renovations. Moreover, with interest rate cuts on the horizon, the sector could be in for a growth spurt this year, with Home Depot (NYSE:HD) leading the pack. As the top home improvement retailer in the U.S., Home Depot offers a comprehensive suite of products and services for constru ...

Investors are always looking for stocks that are poised to beat at earnings season and The Home Depot, Inc. (HD) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Home Depot is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good ...

Home Depot (HD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this home-improvement retailer have returned +0.7% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Building Products - Retail industry, to which Home Depot belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?Although ...

Home Depot, Inc. (HD) is set to report fourth-quarter fiscal 2023 results on Feb 20, 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 fourth-quarter earnings of $2.75 per share indicates a decline of 16.7% from the year-ago period’s reported figure. The consensus estimate has moved down a penny in the past 30 days.The consensus mark for quarterly revenues is pegged at $34.6 billion, in ...

Wall Street analysts expect Home Depot (HD) to post quarterly earnings of $2.75 per share in its upcoming report, which indicates a year-over-year decline of 16.7%. Revenues are expected to be $34.55 billion, down 3.6% from the year-ago quarter.The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a compa ...

Shares of Home Depot (HD -1.84%) were down Tuesday in response to a hotter-than-expected inflation report, which further cooled off hopes that interest rates would come down soon.Since the home improvement retailer is sensitive to interest rates, the stock fell on the news. As of 1:17 p.m. ET, it was down 1.8% after having been off by as much as 3.2% earlier in the session. No relief in sight for the housing marketHome Depot's fortunes are closely tied to conditions in the housing market, as home sales driv ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Home Depot (HD) , which belongs to the Zacks Building Products - Retail industry.This home-improvement retailer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 2.79%.For the last reported quarter, Home Depot came out with earnings of $3.81 per share v ...

A former top corporate America executive is warning that the U.S. economy is not on a fast track to recovery, as higher inflation and more mass layoffs loom over markets. "The general population will not be duped by this aversion to try and blame inflation on corporate America. It starts at the raw materials, it starts at transportation, it starts at energy," former Home Depot and Chrysler CEO Bob Nardelli said on "Cavuto: Coast to Coast" Monday. "A whole host of things that are driving this up, wage increa ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Home Depot (HD) reports results for the quarter ended January 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 20, 2024, might help the stock move higher if these key numbers are better than expec ...

Investing in top-tier companies for five years or longer is a proven wealth-building strategy. Home Depot (HD 0.63%), the go-to spot for home-improvement needs, managed to double its market value in just five years despite facing some serious challenges. And its success story might just be getting started, making Home Depot an exciting pick for the next decade.Home Depot marries market resilience and growth potentialHome Depot has shaken up the home improvement game since it went public, becoming an ally fo ...