Home Depot(US:HD) ZACKSยท2024-09-18 22:51Company Performance - Home Depot (HD) closed at $384.01, reflecting a +0.2% change from the previous day, outperforming the S&P 500's loss of 0.29% [1] - Over the past month, Home Depot shares have increased by 4.35%, while the Retail-Wholesale sector gained 4.15% and the S&P 500 rose by 1.57% [1] - The upcoming earnings per share (EPS) for Home Depot is projected at $3.64, indicating a 4.46% decline compared to the same quarter last year, with anticipated revenue of $39.27 billion, a 4.15% increase from the previous year [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $15 per share and revenue of $157.58 billion, reflecting changes of -0.73% and +3.22% from the previous year [2] - Recent modifications to analyst estimates for Home Depot are crucial, as positive revisions are seen as a favorable indicator for the company's business outlook [2] Valuation Metrics - Home Depot currently has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company is trading at a Forward P/E ratio of 25.55, which is higher than the industry average of 19.52 [3] - Home Depot's PEG ratio stands at 2.65, compared to the Building Products - Retail industry's average PEG ratio of 3.25 [3] Industry Context - The Building Products - Retail industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 150, placing it in the bottom 41% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]