Why Home Depot (HD) Could Beat Earnings Estimates Again

Core Insights - Home Depot is well-positioned to continue its earnings-beat streak in the upcoming report, having surpassed earnings estimates consistently in the last two quarters [1][4]. Earnings Performance - For the last reported quarter, Home Depot achieved earnings of $3.13 per share, exceeding the Zacks Consensus Estimate of $3.04 per share by 2.96% [2]. - In the previous quarter, the company reported earnings of $3.78 per share against an expected $3.64 per share, resulting in a surprise of 3.85% [2]. Earnings Estimates - There has been a favorable change in earnings estimates for Home Depot, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4][7]. - The current Earnings ESP for Home Depot is +0.43%, suggesting analysts are optimistic about its near-term earnings potential [7]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [6]. Upcoming Earnings Report - Home Depot's next earnings report is anticipated to be released on May 20, 2025 [7].