Ahead of Home Depot (HD) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Insights - Analysts project Home Depot (HD) will report quarterly earnings of $3.82 per share, reflecting a 1.1% year-over-year increase, with revenues expected to reach $41.07 billion, a 2.1% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised downward by 0.4% in the past 30 days, indicating a reassessment by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [3] Key Metrics - Analysts estimate the 'Number of stores - Retail' will reach 2,357, up from 2,345 a year ago [5] - 'Sales per store' is projected to be $17.41 million, compared to $17.15 million from the previous year [5] - The 'Number of customer transactions - Retail' is expected to be 403.35 million, an increase from 399.00 million in the same quarter last year [6] - 'Average ticket - Retail' is anticipated to reach $89.20, up from $88.65 in the same quarter last year [6] Stock Performance - Home Depot shares have shown a return of -4.4% over the past month, contrasting with the Zacks S&P 500 composite's +4.6% change, indicating a potential alignment with overall market performance in the near future [6]