Home Depot(US:HD) ZACKSยท2024-09-25 22:50Company Performance - Home Depot (HD) closed at $396.93, reflecting a -0.93% change from the previous day, underperforming the S&P 500's loss of 0.19% [1] - Over the past month, Home Depot's shares have increased by 7.36%, surpassing the Retail-Wholesale sector's gain of 6.04% and the S&P 500's gain of 1.95% [1] - Analysts expect Home Depot to report earnings of $3.64 per share, indicating a year-over-year decline of 4.46%, with anticipated revenue of $39.27 billion, representing a 4.15% increase from the same quarter last year [1] Annual Estimates - For the annual period, Zacks Consensus Estimates project earnings of $15 per share and revenue of $157.58 billion, reflecting changes of -0.73% and +3.22% respectively from the previous year [2] - Recent revisions to analyst forecasts for Home Depot are crucial as they indicate changing business trends, with positive revisions suggesting analyst optimism about the company's profitability [2] Valuation Metrics - Home Depot currently has a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [3] - The company is trading at a Forward P/E ratio of 26.71, which is a premium compared to the industry's average Forward P/E of 19.34 [3] - Home Depot's PEG ratio stands at 2.78, while the average PEG ratio for the Building Products - Retail industry is 3.35 [3] Industry Context - The Building Products - Retail industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 176, placing it in the bottom 31% 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]