Home Depot (HD) Dips More Than Broader Market: What You Should Know

In the latest market close, Home Depot (HD) reached $361.73, with a -0.77% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.64%. Elsewhere, the Dow lost 0.24%, while the tech-heavy Nasdaq lost 0.74%.Coming into today, shares of the home-improvement retailer had gained 3% in the past month. In that same time, the Retail-Wholesale sector gained 0.16%, while the S&P 500 gained 0.38%.Analysts and investors alike will be keeping a close eye on the performance of Home Depot in its upcoming earnings disclosure. The company's earnings report is set to go public on May 20, 2025. The company's upcoming EPS is projected at $3.59, signifying a 1.1% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $39.3 billion, up 7.9% from the prior-year quarter.For the full year, the Zacks Consensus Estimates are projecting earnings of $14.98 per share and revenue of $163.8 billion, which would represent changes of -1.71% and +2.69%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for Home Depot. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. Currently, Home Depot is carrying a Zacks Rank of #4 (Sell).With respect to valuation, Home Depot is currently being traded at a Forward P/E ratio of 24.33. This valuation marks a premium compared to its industry's average Forward P/E of 18.92.Meanwhile, HD's PEG ratio is currently 3.45. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Home Furnishings industry had an average PEG ratio of 2.29 as trading concluded yesterday.The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 224, positioning it in the bottom 10% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks