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Home Depot's Strong Foundation

Summary

  • The recovery in the housing market helped shares of Home Depot Inc. increase 47% in the past year to close at an all-time high of $118.00/share on August 5.
  • Strong operational efficiency and capital allocation discipline also have allowed Home Depot to build a solid foundation of high-quality earnings.
  • Let's see what's in stock for earnings expectations this quarter and take a look at the stability of the world's largest home improvement retailer's earnings.

Home Depot (NYSE:HD) is expected to report earnings on August 18, and analysts currently estimate a 3.6% year-over-year (YoY) increase on revenue of $24.68 billion and earnings of $1.71 per share, up by 12.5%. The home improvement retailer is also expected to increase its U.S. same-store sales by 4.47% and total same-stores sales by 3.49%.


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