The Home Depot IncHD
▲ PositiveCapitalrelevance
Home Depot beat earnings estimates with revenue and EPS growth, and shares rose on the results.
Impact on stocks 1
Consumer Discretionary
The Home Depot IncHome Depot shares advanced about 0.7% to $340.26 Tuesday morning after the world's largest home-improvement retailer reported stronger-than-expected second-quarter results. Revenue climbed 5.7% year over year to $47.9 billion, while adjusted earnings increased 5.1% to $4.92 per share. Comparable sales returned to growth, rising 1.7% overall and 1.3% in the United States as customers continued spending on smaller home projects. The company generated $4.8 billion in net earnings, up from $4.6 billion a year earlier, but management kept its full-year forecast unchanged, calling for comparable sales growth between flat and 2% and adjusted earnings growth between flat and 4%. The stock's valuation picture still shows some upside potential, with the latest GF Value chart showing shares trading at $340.53 versus a GF Value estimate of $383.15, suggesting the stock is about 11.12% below its intrinsic value estimate.
The Home Depot IncHome Depot beat earnings estimates with revenue and EPS growth, and shares rose on the results.