Home Depot (HD) Stock Moves -0.14%: What You Should Know

Home Depot (HD) closed the latest trading day at $388.46, indicating a -0.14% change from the previous session's end. This move was narrower than the S&P 500's daily loss of 0.22%. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq depreciated by 0.16%.Shares of the home-improvement retailer witnessed a loss of 9.1% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 1.69% and the S&P 500's loss of 2.36%.Investors will be eagerly watching for the performance of Home Depot in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.01, signifying a 6.74% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $38.81 billion, indicating a 11.56% increase compared to the same quarter of the previous year.For the full year, the Zacks Consensus Estimates are projecting earnings of $15.12 per share and revenue of $158.62 billion, which would represent changes of +0.07% and +3.9%, respectively, from the prior year.Investors should also take note of any recent adjustments to analyst estimates for Home Depot. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Home Depot is holding a Zacks Rank of #3 (Hold) right now.In the context of valuation, Home Depot is at present trading with a Forward P/E ratio of 25.73. For comparison, its industry has an average Forward P/E of 20.27, which means Home Depot is trading at a premium to the group.It's also important to note that HD currently trades at a PEG ratio of 4.1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Retail - Home Furnishings industry held an average PEG ratio of 2.05.The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 27% of over 250 industries.The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Just Released: Zacks Top 10 Stocks for 2024Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks