Home Depot (HD: $155)
Bull Market Report Target Price: $160
Bull Market Report Sell Price: $144
Earnings Date: Tuesday, 8:00 AM ET
Consensus: 2Q17
Revenues: $28 billion
EPS: $2.21
Year Ago Quarter Results
Revenues: $ 26.5 billion
EPS: $1.97
Key Things to Watch For in the Quarter
Home Depot is expected to report a 5% increase in revenues and a 12% increase in earnings per share for 2Q17. Home Depot has beaten estimates in each of the past four quarters, contributing to its 13% year-over-year appreciation. The stock pays a 2.3% dividend and currently trades at 23 times earnings, which is slightly cheaper than its most direct competitor Lowes. We are confident that Home Depot will continue to post positive earnings growth as the economy continues to show signs of stability.