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Home Depot Earnings Estimate

HD Stock  USD 383.60  2.29  0.59%   
The next projected EPS of Home Depot is estimated to be 3.59 with future projections ranging from a low of 2.97 to a high of 3.54. Home Depot's most recent 12-month trailing earnings per share (EPS TTM) is at 15.13. Please be aware that the consensus of earnings estimates for Home Depot is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Home Depot is projected to generate 3.59 in earnings per share on the 30th of April 2024. Home Depot earnings estimates module stress-tests analyst consensus about projected Home Depot EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as Home Depot, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Home Depot's earnings estimates, investors can diagnose different trends across Home Depot's analyst sentiment over time as well as compare current estimates against different timeframes. At present, Home Depot's Gross Profit Margin is projected to slightly decrease based on the last few years of reporting.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Depot. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Home Stock refer to our How to Trade Home Stock guide.

Home Depot Earnings Estimation Breakdown

The calculation of Home Depot's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Home Depot is estimated to be 3.59 with the future projection ranging from a low of 2.97 to a high of 3.54. Please be aware that this consensus of annual earnings estimates for Home Depot is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
2.82
2.97
Lowest
Expected EPS
3.59
3.54
Highest

Home Depot Earnings Projection Consensus

Suppose the current estimates of Home Depot's value are higher than the current market price of the Home Depot stock. In this case, investors may conclude that Home Depot is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Home Depot's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 30th of April 2024Current EPS (TTM)
3398.3%
2.82
3.59
15.13

Home Depot Earnings History

Earnings estimate consensus by Home Depot analysts from Wall Street is used by the market to judge Home Depot's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Home Depot's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Home Depot Quarterly Gross Profit

11.51 Billion

At present, Home Depot's Retained Earnings Total Equity is projected to increase significantly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 1.37, whereas Price Earnings Ratio is forecasted to decline to 22.54. The current year's Common Stock Shares Outstanding is expected to grow to about 1.4 B. The current year's Net Income Applicable To Common Shares is expected to grow to about 20.7 B.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Home Depot's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
382.47383.60384.73
Details
Intrinsic
Valuation
LowRealHigh
298.08299.21421.96
Details
37 Analysts
Consensus
LowTargetHigh
292.60321.54356.91
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Home Depot. Your research has to be compared to or analyzed against Home Depot's peers to derive any actionable benefits. When done correctly, Home Depot's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Home Depot. Note that many institutional investors and large investment bankers can move markets due to the volume of Home assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Home Depot. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Home Depot's stock price in the short term.

Home Depot Earnings per Share Projection vs Actual

Actual Earning per Share of Home Depot refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Home Depot predict the company's earnings will be in the future. The higher the earnings per share of Home Depot, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Home Depot Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Home Depot, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Home Depot should always be considered in relation to other companies to make a more educated investment decision.

Home Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Home Depot's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-02-20
2024-01-312.772.820.05
2023-11-14
2023-10-313.763.810.05
2023-08-15
2023-07-314.454.650.2
2023-05-16
2023-04-303.83.820.02
2023-02-21
2023-01-313.283.30.02
2022-11-15
2022-10-314.124.240.12
2022-08-16
2022-07-314.945.050.11
2022-05-17
2022-04-303.684.090.4111 
2022-02-22
2022-01-313.183.210.03
2021-11-16
2021-10-313.43.920.5215 
2021-08-17
2021-07-314.444.530.09
2021-05-18
2021-04-303.083.860.7825 
2021-02-23
2021-01-312.622.650.03
2020-11-17
2020-10-313.063.180.12
2020-08-18
2020-07-313.714.020.31
2020-05-19
2020-04-302.272.08-0.19
2020-02-25
2020-01-312.12.280.18
2019-11-19
2019-10-312.522.530.01
2019-08-20
2019-07-313.083.170.09
2019-05-21
2019-04-302.182.270.09
2019-02-26
2019-01-312.162.250.09
2018-11-13
2018-10-312.262.510.2511 
2018-08-14
2018-07-312.843.050.21
2018-05-15
2018-04-302.052.080.03
2018-02-20
2018-01-311.611.690.08
2017-11-14
2017-10-311.821.870.05
2017-08-15
2017-07-312.222.250.03
2017-05-16
2017-04-301.621.670.05
2017-02-21
2017-01-311.341.440.1
2016-11-15
2016-10-311.581.60.02
2016-08-16
2016-07-311.971.970.0
2016-05-17
2016-04-301.361.440.08
2016-02-23
2016-01-311.11.170.07
2015-11-17
2015-10-311.321.360.04
2015-08-18
2015-07-311.711.710.0
2015-05-19
2015-04-301.151.160.01
2015-02-24
2015-01-310.891.00.1112 
2014-11-18
2014-10-311.131.11-0.02
2014-08-19
2014-07-311.451.520.07
2014-05-20
2014-04-300.990.96-0.03
2014-02-25
2014-01-310.710.730.02
2013-11-19
2013-10-310.90.950.05
2013-08-20
2013-07-311.211.240.03
2013-05-21
2013-04-300.770.830.06
2013-02-26
2013-01-310.640.670.03
2012-11-13
2012-10-310.70.740.04
2012-08-14
2012-07-310.971.010.04
2012-05-15
2012-04-300.650.650.0
2012-02-21
2012-01-310.420.50.0819 
2011-11-15
2011-10-310.580.60.02
2011-08-16
2011-07-310.830.860.03
2011-05-17
2011-04-300.490.50.01
2011-02-22
2011-01-310.310.360.0516 
2010-11-16
2010-10-310.480.510.03
2010-08-17
2010-07-310.710.720.01
2010-05-18
2010-04-300.40.450.0512 
2010-02-23
2010-01-310.170.240.0741 
2009-11-17
2009-10-310.360.410.0513 
2009-08-18
2009-07-310.590.640.05
2009-05-19
2009-04-300.290.350.0620 
2009-02-24
2009-01-310.150.190.0426 
2008-11-18
2008-10-310.380.450.0718 
2008-08-19
2008-07-310.610.710.116 
2008-05-20
2008-04-300.370.410.0410 
2008-02-26
2008-01-310.430.4-0.03
2007-11-13
2007-10-310.60.59-0.01
2007-08-14
2007-07-310.720.770.05
2007-05-15
2007-04-300.590.48-0.1118 
2007-02-20
2007-01-310.50.50.0
2006-11-14
2006-10-310.750.73-0.02
2006-08-15
2006-07-310.920.9-0.02
2006-05-16
2006-04-300.670.70.03
2006-02-21
2006-01-310.560.60.04
2005-11-15
2005-10-310.680.720.04
2005-08-16
2005-07-310.790.820.03
2005-05-17
2005-04-300.550.570.02
2005-02-22
2005-01-310.470.470.0
2004-11-16
2004-10-310.570.60.03
2004-08-17
2004-07-310.640.70.06
2004-05-18
2004-04-300.430.490.0613 
2004-02-24
2004-01-310.390.420.03
2003-11-18
2003-10-310.460.50.04
2003-08-19
2003-07-310.540.560.02
2003-05-20
2003-04-300.370.390.02
2003-02-25
2003-01-310.270.30.0311 
2002-11-19
2002-10-310.40.40.0
2002-08-20
2002-07-310.470.50.03
2002-05-21
2002-04-300.330.360.03
2002-02-26
2002-01-310.280.30.02
2001-11-13
2001-10-310.330.330.0
2001-08-14
2001-07-310.370.390.02
2001-05-15
2001-04-300.250.270.02
2001-02-07
2001-01-310.20.20.0
2000-11-14
2000-10-310.280.280.0
2000-08-15
2000-07-310.370.36-0.01
2000-05-16
2000-04-300.270.270.0
2000-02-22
2000-01-310.240.250.01
1999-11-16
1999-10-310.230.250.02
1999-08-17
1999-07-310.290.290.0
1999-05-18
1999-04-300.190.220.0315 
1999-02-23
1999-01-310.170.190.0211 
1998-11-17
1998-10-310.170.170.0
1998-08-18
1998-07-310.20.210.01
1998-05-19
1998-04-300.140.150.01
1998-02-24
1998-01-310.140.140.0
1997-11-18
1997-10-310.130.130.0
1997-08-19
1997-07-310.150.160.01
1997-05-20
1997-04-300.110.120.01
1997-02-25
1997-01-310.110.120.01
1996-11-12
1996-08-310.10.10.0
1996-08-13
1996-05-310.120.120.0
1996-05-14
1996-02-290.090.090.0

About Home Depot Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Home Depot earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Home Depot estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Home Depot fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2024
Retained Earnings83.7 B87.8 B
Retained Earnings Total Equity88.4 B92.9 B
Price Earnings Ratio 23.47  22.54 
Price Earnings To Growth Ratio(2.49) 1.37 

Home Depot Investors Sentiment

The influence of Home Depot's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Home. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Home Depot's public news can be used to forecast risks associated with an investment in Home. The trend in average sentiment can be used to explain how an investor holding Home can time the market purely based on public headlines and social activities around Home Depot. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Home Depot's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Home Depot's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Home Depot's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Home Depot.

Home Depot Implied Volatility

    
  17.35  
Home Depot's implied volatility exposes the market's sentiment of Home Depot stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Home Depot's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Home Depot stock will not fluctuate a lot when Home Depot's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Home Depot in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Home Depot's short interest history, or implied volatility extrapolated from Home Depot options trading.

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When determining whether Home Depot is a strong investment it is important to analyze Home Depot's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Home Depot's future performance. For an informed investment choice regarding Home Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Home Depot. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Home Stock refer to our How to Trade Home Stock guide.
Note that the Home Depot information on this page should be used as a complementary analysis to other Home Depot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Complementary Tools for Home Stock analysis

When running Home Depot's price analysis, check to measure Home Depot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Home Depot is operating at the current time. Most of Home Depot's value examination focuses on studying past and present price action to predict the probability of Home Depot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Home Depot's price. Additionally, you may evaluate how the addition of Home Depot to your portfolios can decrease your overall portfolio volatility.
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Is Home Depot's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Home Depot. If investors know Home will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Home Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.15)
Dividend Share
8.52
Earnings Share
15.13
Revenue Per Share
152.822
Quarterly Revenue Growth
(0.03)
The market value of Home Depot is measured differently than its book value, which is the value of Home that is recorded on the company's balance sheet. Investors also form their own opinion of Home Depot's value that differs from its market value or its book value, called intrinsic value, which is Home Depot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Home Depot's market value can be influenced by many factors that don't directly affect Home Depot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Home Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine if Home Depot is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home Depot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.