Home Depot (HD) Stock Falls Amid Market Uptick: What Investors Need to Know

In the latest trading session, Home Depot (HD) closed at $365.52, marking a -0.26% move from the previous day. This change lagged the S&P 500's 0.38% gain on the day. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw an increase of 0.87%.The home-improvement retailer's stock has dropped by 5.95% in the past month, exceeding the Retail-Wholesale sector's loss of 7.71% and lagging the S&P 500's loss of 5.59%.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. In that report, analysts expect Home Depot to post earnings of $3.59 per share. This would mark a year-over-year decline of 1.1%. Meanwhile, our latest consensus estimate is calling for revenue of $39.3 billion, up 7.9% from the prior-year quarter.HD's full-year Zacks Consensus Estimates are calling for earnings of $14.98 per share and revenue of $163.8 billion. These results would represent year-over-year changes of -1.71% and +2.69%, respectively.It is also important to note the recent changes to analyst estimates for Home Depot. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.67% lower within the past month. Home Depot presently features a Zacks Rank of #3 (Hold).Looking at valuation, Home Depot is presently trading at a Forward P/E ratio of 24.47. This signifies a premium in comparison to the average Forward P/E of 18.4 for its industry.We can additionally observe that HD currently boasts a PEG ratio of 3.47. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Retail - Home Furnishings industry was having an average PEG ratio of 2.03.The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 169, finds itself in the bottom 33% echelons of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them 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