Home Depot beats estimates, raises sales outlook as consumers keep spending on homes Home Depot now expects sales in fiscal 2018 to grow 7.2 percent, up from a previous outlook of 7 percent. It says sales per square foot during the third quarter were up 5.2 percent from a year ago, customer transactions rose 1.4 percent and the average shopper's ticket was up 3.6 percent. Home Depot on Tuesday reported quarterly earnings that beat analysts' expectations and raised its sales outlook for the full year, showing little sign of slowing down despite concerns about softening sales of existing home. Its shares rose initially rose in premarket trading on the news, but were recently trading down 2 percent. Here's what Home Depot reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $2.51 vs. $2.26 expected Revenue: $26.30 billion vs. $26.26 billion expected Same-store sales: up 4.8 percent globally vs. growth of 4.7 percent expected For much of the year, confidence in the U.S. housing market has been soaring, benefiting Home Depot and rival Lowe's. But with mortgage rates climbing, attitudes had started to turn sour. This may lead to home prices rising at a slower rate and the market cooling down. Still, Home Depot CEO Craig Menear said Tuesday there is continued "overall strength of demand in the home improvement market," prompting the company to hike its outlook for fiscal 2018. https://www.cnbc.com/2018/11/13/home-depot-fiscal-third-quarter-earnings-2018.html
Home Depot reached a Fibo level of 138/2% of the momentum. Stochastic, however, did not exhaust the upside potential. The momentum was also powerful. I think Home Depot will move further up. And already at the level of 161.8% you can sell. It will be approximately 240.00.
Home Depot quarterly sales soar 23% as consumers take on more DIY projects in pandemic Home Depot’s profit surged 25% to $4.33 billion, or $4.02 per share, during the fiscal second quarter. While the coronavirus pandemic is boosting sales for Home Depot, it’s also raising costs. The company spent $480 million on additional compensation for its employees, including weekly bonuses for hourly workers.
Home Depot upgraded to buy from hold at CFRA, price target $420 8:30 am ET January 21, 2022 (MarketWatch) Dow Jones Newswires January 21, 2022 08:30 ET (13:30 GMT) Copyright (c) 2022 Dow Jones & Company, Inc.
HD seems beeing consolidating and geating ready for another push to 400$ area. I may add some to my old position.
