The Home Depot (NYSE:HD) is set to announce third quarter earning results on Tuesday 17th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HD to report 3Q20 income of $ 3.05 per share.
For the full year, analysts anticipate top line of $ 126121.00 million, while looking forward to income of $ 11.49 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 114,083.00 million ~ $ 114,634.00 million, where as bottomline are predicted in a range of $ 10.45 ~ $ 10.45 per share
Click Here For More Historical Outlooks Of The Home Depot
Previous Quarter Performance
The Home Depot outlined income for the second quarter of $ 3.17 per share, from the net sales of $ 30,839.00 million. The quarterly earnings expanded 3.93 percent while revenues boosted 1.23 percent compared with the same quarter last year.
Wall street analysts are predicting, HD to report 2Q20 income of $ 3.08 per share from net sales of $ 30984.80 million. The bottom line results beat street analysts by $ 0.09 or 2.92 percent, at the same time, top line results fell short of analysts by $ 145.8 million or 0.47 percent.
Stock Performance
Shares of The Home Depot traded up $ 2.40 or 0.87 percent on Monday, reaching $ 279.57 with volume of 5.31 million shares. The Home Depot has traded high as $ 281.29 and has cracked $ 276.40 on the downward trend
According to the previous trading day, closing price of $ 279.57, representing a 97.09 % increase from the 52 week low of $ 140.63 and a 5.39 % decrease over the 52 week high of $ 292.95.
The company has a market capital of $ 314.72 billion and is part of the Consumer Cyclical sector and Home Improvement Stores industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 300.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.50 per share on August 18, 2020. The dividend were payable on September 17, 2020 to holders of record as of the close of business on September 3, 2020 and ex-dividend date on September 2, 2020.
Conference Call
The Home Depot will be hosting a conference call at 9:00 AM eastern time on 17th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.homedepot.com
The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
