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Stock Market & Financial Investment News

News Breaks
November 12, 2012
12:33 EDTHDEarnings Preview: Home Depot sees FY12 EPS $2.95, to take $160M charge in Q3
Home Depot (HD) is expected to report Q3 earnings before the market open on Tuesday, November 13 with a conference call scheduled for 9:00 am ET. Analysts are looking for EPS of 70c on revenue of $17.92B. The consensus range is 68c-74c for EPS, and $17.75B-$18.07B for revenue, according to First Call. After reporting better than forecast Q2 EPS, the company raised its FY12 EPS view to $2.95 from $2.90, reflecting stock buybacks, vs. consensus $2.97. The company also forecast FY12 same-store sales up 4.6% and said it intends to repurchase $1.4B in additional shares over the rest of 2012. During the quarter, CEO Frank Blake told Reuters that the U.S. housing market is a "long way away from true recovery". The company backed its FY12 EPS view and said it will take a charge of $160M, or approximately 10c per share, in Q3 on the close of seven big box stores in China. Home Depot could surprise investors in its Q3 report, Barron's said on October 29. Consumers are scampering to buy up home repair supplies, batteries, generators and such to fight off the effects of Hurricane Sandy boosting sales at the home builder stores. Analysts believe Home Depot may come out on top of rival Lowe's (LOW) given its larger store presence in storm-affected areas. Analysts and investors will listen for comments from the company on the housing recovery, as well as what impact Hurricane Sandy and Winter Storm Athena may have on its Q4 and FY12 results.
News For HD From The Last 14 Days
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December 16, 2014
09:59 EDTHDOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
07:05 EDTHDHome Depot initiated with a Neutral at Nomura
Target $110.
December 12, 2014
07:35 EDTHDLowe's outlook has improved, says Oppenheimer
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December 10, 2014
08:49 EDTHDHome Depot sees FY14 EPS $4.54, consensus $4.49
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December 5, 2014
08:35 EDTHDHome Depot continues to execute at very high level, says RW Baird
Baird said Home Depot continues to operate and execute at a very high level and should remain a stable port in the choppy retail environment. The firm reiterates its Outperform rating and $110 price target on Home Depot shares, citing operational efficiencies across the organization and a balanced approach to capital allocation.

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