Home Depot (HD) Tops Q3 Earnings and Revenue Estimates

Group 1 - Home Depot reported quarterly earnings of $3.78 per share, exceeding the Zacks Consensus Estimate of$ 3.64 per share, but down from $3.81 per share a year ago, representing an earnings surprise of 3.85% [1] - The company achieved revenues of$ 40.22 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 2.17% and increasing from $37.71 billion year-over-year [2] - Home Depot has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has gained approximately 17.8% since the beginning of the year, while the S&P 500 has increased by 25.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Home Depot is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - The current consensus EPS estimate for the upcoming quarter is$ 2.99 on revenues of $38.72 billion, and for the current fiscal year, it is$ 14.99 on revenues of $157.67 billion [7] - The Building Products - Retail industry, to which Home Depot belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a positive outlook for the sector [8] Group 4 - Lowe's, another company in the same industry, is expected to report quarterly earnings of$ 2.80 per share, reflecting a year-over-year decline of 8.5%, with revenues anticipated to be $19.92 billion, down 2.7% from the previous year [9]