The Home Depot Earnings: Here’s Why Investors Like These Results
The Home Depot, Inc. (NYSE:HD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.5%.
The Home Depot, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 27.69% to $0.83 in the quarter versus EPS of $0.65 in the year-earlier quarter.
Revenue: Rose 7.39% to $19.12 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Home Depot, Inc. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.77. It beat the average revenue estimate of $18.68 billion.
Quoting Management: “In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a recovering housing market that drove a stronger-than-expected start to the year for our business,” said Frank Blake , chairman & CEO. “I would like to thank our associates for their hard work and commitment to our customers.”
Key Stats (on next page)…