The Home Depot (HD: $143)
Bull Market Report Target Price: $160
Bull Market Report Sell Price: $130
Earnings Date: Tuesday, 9:00 AM ET
Consensus: 4Q2016
Revenues: $22B
EPS: $1.33
Year Ago Quarter Results
Revenues: $21B
EPS: $1.17
Key Things to Watch For in the Quarter
Analysts expect Home Depot to report a 5% increase in revenue to $22 billion and a 14% increase in EPS to $1.33 for 4Q16. In response to the company’s ability to outperform analyst estimates in the first three quarters of 2016, the stock has gained 16% since the middle of last February. Investors remained stagnant upon the immediate release of earnings in Q1 and Q2 of 2016, however shares climbed nearly 5% in the weeks following the earnings report in 3Q16. Most recent developments in Home Depot’s business include an investment in a wind-powered renewable energy project that will provide the company the ability to power 100 Home Depot stores along with providing $150,000 in local community benefits.
First Solar (FSLR: $35)
Bull Market Report Target Price: $55
Bull Market Report Sell Price: $28
Earnings Date: Tuesday, 4:30 PM ET
Consensus: 4Q2016
Revenues: $410M
EPS: $0.97
Year Ago Quarter Results
Revenues: $940M
EPS: $1.6
Key Things to Watch For in the Quarter
Analysts across Wall Street expect First Solar to report a sharp decrease in both revenue and EPS, (56% to $410 million and 39% to $0.97 respectively) for the fourth quarter of 2016. Although the stock has plummeted 45% over the past year, it has beaten analyst earnings estimates for the past three quarters, and continues to provide investors with an inexpensive buying opportunity (PE of 7).
Splunk (SPLK: $64)
Bull Market Report Target Price: $75
Bull Market Report Sell Price: $55
Earnings Date: Thursday, after market hours (exact time unavailable)
Consensus: 4Q2016
Revenues: $290M
EPS: $0.17
Year Ago Quarter Results
Revenues: $220M
EPS: $0.11
Key Things to Watch For in the Quarter
Wall Street analysts estimate that Splunk will report a 54% increase in EPS and a 30% increase in revenues. The first three quarters of 2016 proved the company’s ability to continue beating analyst estimates, driving up the stock by a healthy 76%. Splunk continues to grow its operations, now operating in 110 countries across the world. In addition, it has actively brought together 20 industry leading security domains through its Adaptive Response Initiative, expediting the response to advanced cyber-attacks. We remain bullish on Splunk as they continue to grow revenues and earnings, and lead the industry with their ability to form profitable relationships.