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Dipanjan Banchur

Home Depot (HD) Earnings Impact: Buy or Watch Moves?

HD Home Depot Dipanjan BanchurSince Home Improvement Goods Seth Basham The Home Depot Inc

The Home Depot, Inc. (HD) is scheduled to report its fourth-quarter and full-year results on February 20. Wall Street expects the company to post lower earnings and revenue over the prior-year quarter. In this piece, I have discussed why it could be wise to buy the stock now despite the expected decline in earnings and revenue.

For the fourth quarter, HD’s EPS and revenue are expected to decrease 15.9% and 3.2% year-over-year to $2.77 and $34.67 billion, respectively. The company has a stellar earnings history, having beaten the consensus EPS estimate in each of the trailing four quarters.

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