Home Depot Earnings Estimate

HD -  USA Stock  

USD 285.18  15.77  5.24%

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.
Home Depot is projected to generate 15.47 in earnings per share on the 31st of December 2022. 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. Please check Risk vs Return Analysis.
  
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The current year Profit Margin is expected to grow to 0.11, whereas Gross Profit is forecasted to decline to about 50.4 B.

Home Depot Earnings Estimation Breakdown

Calculation of earning per share of Home Depot is based on official Zacks consensus of 10 analysts regarding Home Depot future annual earnings. Given the historical accuracy of 94.62%, the future earnings per share of Home Depot is estimated to be 15.47 with the lowest and highest values of 15.0 and 15.89, respectively. Please note that this consensus of annual earnings estimates for Home Depot is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 14.95
15.00
Lowest
Expected EPS 15.47
15.89
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 AccuracyCurrent EPSEPS Estimate for 31st of December 2022

10

94.62%

14.95

15.47

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. The 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 compare them to our different valuation methods.

Home Depot Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

5.56 Billion

Share
The current year Price to Earnings Ratio is expected to grow to 24.27, whereas Accumulated Retained Earnings Deficit are forecasted to decline to about 66.2 B. Home Depot Weighted Average Shares Diluted is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares Diluted was at 1.06 Billion.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Home Depot in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
284.05286.39288.73
Details
Intrinsic
Valuation
LowReal ValueHigh
256.66354.20356.54
Details
21 Analysts
Consensus
LowTarget PriceHigh
315.00409.58470.00
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 towards taking a position in Home Depot.
Note that many institutional investors and large investment bankers can move markets due to the volume of Home Depot 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 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 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 Depot 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
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
2020-01-312.112.280.17
2019-11-19
2019-10-312.532.530
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
2017-10-311.821.840.02
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
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
2015-05-19
2015-04-301.151.160.01
2015-02-24
2015-01-310.8910.1112 
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
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
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
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
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
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
2000-11-14
2000-10-310.280.280
2000-08-15
2000-07-310.370.36-0.01
2000-05-16
2000-04-300.270.270
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
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
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
1997-11-18
1997-10-310.130.130
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
1996-08-13
1996-05-310.120.120
1996-05-14
1996-02-290.090.090

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 2022
Accumulated Retained Earnings Deficit67.6 B66.2 B
Earning Before Interest and Taxes EBIT23 B21.7 B
Earnings per Basic Share 15.59  14.51 
Earnings per Diluted Share 15.53  14.46 
Price to Earnings Ratio 23.51  24.27 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA25.9 B24.6 B
Earnings before Tax21.7 B20.4 B
The Home Depot, Inc. operates as a home improvement retailer. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia. Home Depot operates under Home Improvement Retail classification in the United States and is traded on New York Stock Exchange. It employs 490600 people.

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 Depot. 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 markets does not have a solid backing from leading economists and market statisticians.

Home Depot Implied Volatility

    
  58.43  
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.

Current Sentiment - HD

Home Depot Investor Sentiment

Nearly all of Macroaxis users are currently bullish on Home Depot. What is your judgment towards investing in Home Depot? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please check Risk vs Return Analysis. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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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 Depot 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.
The market value of Home Depot is measured differently than its book value, which is the value of Home Depot 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 Home Depot value 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.