Catch pre-market movers with AI signals.
Ahead of Home Depot (HD) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
In its upcoming report, Home DepotHD-- (HD) is predicted by Wall Street analysts to post quarterly earnings of $4.71 per share, reflecting an increase of 0.6% compared to the same period last year. Revenues are forecasted to be $47.5 billion, representing a year-over-year increase of 4.9%.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Home Depot metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Number of stores - Retail' reaching 2,365 . Compared to the present estimate, the company reported 2,353 in the same quarter last year.
The consensus among analysts is that 'Sales per store' will reach $19.40 million. The estimate is in contrast to the year-ago figure of $19.24 million.
According to the collective judgment of analysts, 'Number of customer transactions - Retail' should come in at 439.99 million. Compared to the present estimate, the company reported 446.80 million in the same quarter last year.
Analysts forecast 'Average ticket - Retail' to reach $92.48 . The estimate compares to the year-ago value of $90.01 .
View all Key Company Metrics for Home Depot here>>>Over the past month, shares of Home Depot have returned +0.6% versus the Zacks S&P 500 composite's +2.4% change. Currently, HDHD-- carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Home Depot, Inc. (HD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks is the leading investment research firm focusing on equities earnings estimates and stock analysis for the individual investor, including stock picks, stock screening, portfolio stock tracker and stock screeners. Copyright 2006-2026 Zacks Equity Research, Inc. editor@zacks.com (Manaing editor) webmaster@zacks.com (Webmaster)
