Home Improvement For Home Depot

The orange hardware store is back after quarter 2 with a strong earnings report as sales bounce back up. The reason? Seasonal purchases were a huge hit for the number one home improvement chain in America. Over the past 12 months, shares have risen 25 percent for Home Depot. As mortgage rates rise, homeowners are choosing to remodel rather than move, which means big bucks for companies like Lowe’s and Home Depot. Additionally, high heat and temperatures across the United States meant consumers were spending more on outdoor, patio, and other amenities to help them cool down.

After their quarter 2 report was released, Home Depot opted to increase its outlook on sales for the rest of the year, showing that they are taking this report as a great sign for the future. Their earnings per share beat out analyst expectations by over 20 cents. What was estimated to be a $2.84 EPS turned into a $3.05 EPS. Their total net earnings skyrocketed to $3.5 billion in revenue, as compared to last year’s quarter 2 earnings of $2.7 billion.

For more information on how to best invest your money in Home Depot stock to take advantage of their positive revenue outlook, watch the full list of videos above!

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6 years ago
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