Home Depot(US:HD) ZACKS·2024-07-18 22:50Company Overview - Home Depot (HD) closed at $366.08, reflecting a -1.56% change from the previous day's closing price, underperforming the S&P 500 which fell by 0.78% [1] - Over the past month, Home Depot's shares increased by 5.09%, outperforming the Retail-Wholesale sector's gain of 1.58% and the S&P 500's gain of 2.14% [1] Upcoming Earnings - Home Depot's earnings report is anticipated on August 13, 2024, with projected earnings per share (EPS) of $4.60, indicating a 1.08% decrease year-over-year [1] - The consensus estimate for quarterly revenue is $42.58 billion, down 0.79% from the same period last year [1] Full-Year Estimates - Zacks Consensus Estimates for Home Depot's full-year earnings are $15.28 per share and revenue of $154.22 billion, representing year-over-year increases of +1.13% and +1.02%, respectively [2] - Monitoring analyst projections is crucial as revisions can indicate changes in business trends and profitability outlook [2] Zacks Rank and Valuation - Home Depot currently holds a Zacks Rank of 3 (Hold), with the EPS estimate remaining unchanged over the past month [3] - The company has a Forward P/E ratio of 24.34, which is a premium compared to the industry average of 16.55 [3] - Home Depot's PEG ratio stands at 2.57, aligning with the average PEG ratio of the Building Products - Retail industry [3] Industry Context - The Building Products - Retail industry is part of the Retail-Wholesale sector and has a Zacks Industry Rank of 169, placing it in the bottom 33% of over 250 industries [4] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]