For its first fiscal quarter (ending April 30), The Home Depot Inc. (NYSE: HD) has reported a -5% decline in E.P.S. from $3.83 a year ago to $3.64 in the current quarter. However, this performance was $0.03 better than the consensus estimate of $3.61. For the latest four quarters through April 30, E.P.S. were $14.96 versus $16.45 for the same period a year ago — a decline of -9%.
Recent Price Action
The Home Depot Inc. (NYSE: HD) stock declined slightly by -0.1% on 5/14/24. The stock closed at $340.50. Moreover, trading volume in this decline was unusually high at 160% of normal. Relative to the market the stock has been strong over the last nine months but has declined -0.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, HD is expected to continue to be a major Value Builder.
Home Depot has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Home Depot has a slightly positive Power Rating of 69 and a very high Appreciation Score of 92, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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