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Stock Market & Financial Investment News

News Breaks
May 19, 2014
12:20 EDTHDEarnings Preview: Home Depot shares relatively flat ahead of Q1 report
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 20, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of 99c on revenue of $19.95B, according to First Call. The consensus range for EPS is 95c-$1.01 on revenue of $19.77B-$20.46B. LAST QUARTER: Home Depot reported fourth quarter EPS of 73c against estimates for 71c on revenue of $17.7B against estimates of $17.91B. The company said same-store sales increased 4.4%, with U.S. SSS up 4.9%. The company provided fiscal year 2014 guidance, seeing FY14 EPS of $4.38 against estimates at that time for $4.43. The retailer also forecast FY14 sales growth of 4.8%, with SSS expected to grow about 4.6%. On its Q4 earnings conference call, Home Depot said its guidance assumed that the housing market would be a continuing tailwind. NEWS: In March, Home Depot named Craig Menear to be its U.S. retail president, setting up a CEO succession plan. Frank Blake, who has led the retail fix-it chain since 2007, has not yet announced his retirement. The retailer said it expected the housing recovery to continue and home prices to increase, though at a lower rate. The Wall Street Journal said Home Depot is slowing new store openings and focusing its expansion efforts on e-commerce. Barron's said Home Depot looks cheap and shares could rally 25% as the housing market revives. STREET RESEARCH: Home Depot was upgraded to Outperform from Market Perform at BMO Capital. The firm believes sales are tracking at or above plan in non-weather affected areas. PRICE ACTION: Over the last three months, Home Depot shares are relatively flat. Year-to-date, shares are down almost 7%.
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May 19, 2015
09:37 EDTHDActive equity options trading on open
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09:35 EDTHDHome Depot still sees Q1 to be best comp quarter of year
Sees 1H comps better than 2H.
09:25 EDTHDHome Depot says 'pleased' with performance in May
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09:24 EDTHDHome Depot sees FY15 EPS $5.24-$5.27, consensus $5.23
Says if exchange rates remain where they are today, EPS would be approx. $5.24. On currency neutral basis, sees FY15 EPS up 12% to $5.27.
09:19 EDTHDHome Depot sees repurchasing $3.4B of stock for remainder of year
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06:11 EDTHDHome Depot: Impact of reclassification was increase of $128M to cost of sales
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06:10 EDTHDHome Depot FY15 EPS guidance does not include losses related to data breach
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06:08 EDTHDHome Depot raises FY15 EPS growth to 11%-12%, consensus $5.23
Raises FY15 revenue growth to 4.2%-4.8% from 3.5%-4.7%, consensus $86.87B. Sees FY15 comp sales to be up 4%-4.6%.
06:05 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
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06:04 EDTHDHome Depot reports Q1 comparable store sales up 6.1%
Reports Q1 comparable sales for US stores were up 7.1%.
06:04 EDTHDHome Depot reports Q1 EPS $1.21, consensus $1.15
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May 18, 2015
16:00 EDTHDOptions Update; May 18, 2015
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15:37 EDTHDHome Depot May 114 weekly straddle priced for 3.1% movement into Q1
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15:32 EDTHDHome Depot technical notes ahead of earnings
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15:00 EDTHDNotable companies reporting before tomorrow's open
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13:49 EDTHDEarnings Watch: Home Depot sees FY15 EPS $5.11-$5.17, revenue growth 3.5%-4.7%
Home Depot (HD), a home improvement retailer, is scheduled to report first quarter results before the market opens on Tuesday, May 19, with a conference call scheduled for 9:00 am ET. EXPECTATIONS: Analysts are looking for earnings per share of $1.15 on revenue of $20.82B, according to First Call. The consensus range for EPS is $1.12-$1.19 on revenue of $20.47B-$21.26B. LAST QUARTER: Home Depot reported fourth quarter adjusted EPS of $1.00 on revenue of $19.16B, beating analysts' consensus estimates for 89c and $18.7B, respectively. The company said same-store sales increased 7.9%, with U.S. SSS up 8.9%. The company forecast fiscal year 2015 EPS of $5.11-$5.17 on revenue growth of 3.5%-4.7%, against estimates at that time for $5.23 and $86.46B, respectively. Home Depot also guided to FY15 SSS growth of 3.3%-4.5% and said it expected FY15 gross margin to be flat, with a tax rate of approximately 37%. Capital expenditures for FY15 were foreseen at $1.6B, with cash flow from business at $9B. In addition to reporting better than expected Q4 earnings, Home Depot also announced an $18B share repurchase program and increased its quarterly dividend by 26% to 59c. NEWS: On its Q4 earnings conference call, Home Depot said it expected moderate GDP growth and housing recovery to drive growth in 2015. The company noted that if foreign currency rates continued as they were in February, sales in 2015 could be negatively impacted by $1B. At March's Raymond James conference, Home Depot backed its guidance for FY15. The company also said it sees FY15 operating margin approximately 60bps to greater than 13%. The company plans to open six new stores in FY15, including five stores in Mexico and one in Canada. The retailer is targeting FY15 share repurchases of $4.5B. On May 5, MacRumors reported that Home Depot may begin phasing out support for Apple Pay (AAPL) at its retail stores. Point72 Asset Management announced that it liquidated its stake during the quarter. STREET RESEARCH: In March, Oppenheimer said it believes that Home Depot has a number of positive catalysts, including solid U.S. consumer spending trends, significant slack in the U.S, housing recovery, improving market sentiment and investors' interest in domestic plays as the dollar strengthens. The firm raised its price target to $133 from $115 and kept an Outperform rating on the stock. On April 26, Barron's said shares of Home Depot could rise towards $124 as the housing market regenerates and demand for renovation grows. BofA/Merrill said the home improvement is one of the more attractive areas within retail and recommended buying Home Depot. During the quarter, Home Depot was initiated with a Hold rating and $108 target at Cantor. PRICE ACTION: Over the last three months, Home Depot shares are up over 1.5%. Ahead of Tuesday's earnings, Home Depot is fractionally higher at $113.77.
11:09 EDTHDHome Depot May weekly volatility elevated into Q1 and outlook
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May 15, 2015
17:33 EDTHDPoint72 Asset Management gives quarterly update on stakes
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09:03 EDTHDBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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May 11, 2015
08:06 EDTHDHome Depot May weekly volatility elevated into Q1 and outlook
Home Depot May weekly call option implied volatility is at 24, June and August is at 20; compared to its 90-day average of 20, suggesting large near term price movement into the expected release of Q1 results on May 19.
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