Home Depot (HD)

Home Depot (HD)

Postby kennynah » Tue May 20, 2008 9:02 am

Q1 results

Home Depot (HD ) is due to report Q1 results before the bell on Tuesday, May 20, and analysts polled by Thomson Financial are expecting earnings of $0.37 per share on revenue of $17.6 billion.

Home Depot is one to watch between the sessions due to its strong trading pattern. The stock has settled into a narrowing trend between the sessions, cutting back or reversing course in the following regular sessions after 11 of the last 13 pre-market earnings events we've tracked. In the near-term, the stock is maintaining the narrowing pattern, cutting back its extended-hours performance in the last seven consecutive earnings events.

On Feb. 26, 2008, the stock fell 1.6% during pre-market trading after HD misses with Q4 results and offers disappointing guidance. The stock reversed to close regular trading up 0.03%.

On Nov. 13, 2007, HD declined 1.9% in pre-market trade after missing Q3 expectations. It turned from the red in the regular session and ended the day with a 2.3% gain.

On Aug. 14, 2007, HD declined 0.3% in pre-market trade despite topping Q2 expectations. It cut its downside and firmed to the flatline in that day's regular session.

On May 15, 2007, the stock dropped 2.6% in the pre-market hours after HD reported shy of the Street view with Q1 results and guided for FY at lower end of previous range. The share loss was pared to 1.8% by the closing bell.

On Feb. 20, 2007, HD shed 1.7% in pre-market trade after the company reported Q4 sales below Street expectations. It cut back that downside in the Feb. 20 regular session, ending the day down a slim 0.2%.

On Nov. 14, 2006, HD slipped 1.3% in pre-market trade after the company reported improved year-over-year results, but the numbers were still shy of expectations. The downside was turned around in that day's regular session, and HD closed the day with a strong 4.3% rise.

On Aug. 15, 2006, HD gained 3.8% in pre-market trade after the company beat Q2 expectations and forecast it anticipates meeting the low end of full year guidance range. The gain was knocked back a bit in the regular session as HD ended the day up 3.5%.

On May 16, 2006, HD declined 2.5% in pre-market trade after beating on earnings and posting revenue about in line with expectations. The stock added to its downside between the bells, ending the day down 5%.

On Feb. 21, 2006, HD jumped 2.6% in pre-market trade after the company topped Street expectations. This healthy gain failed to maintain support into the regular session as HD ultimately ended that day's regular session up a mere 0.2%.

On Nov. 15, 2005, HD advanced 1.1% in pre-market trade after the company beat Q3 expectations and raised its growth guidance. Those pre-bell gains evaporated in the regular session as HD ended the day down 0.4%.

On Aug. 16, 2005, HD dipped 0.4% in pre-market trading despite topping Q3 expectations and raising earnings growth guidance. It widened its loss in the subsequent regular session, slipping 2.2%.

HD gained 4.3% on the morning of May 17, 2005, after topping Street EPS expectations but missing sales forecasts, and reaffirming its 2005 growth guidance. It narrowed its gain in the same-day regular session, climbing 4%.

On Nov. 16, 2004, HD edged up 0.7% in pre-market trading after topping the Q3 Street view and raising earnings growth guidance. It reversed course in the subsequent regular session, slipping 1.8%.
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Re: Home Depot HD

Postby kennynah » Tue May 20, 2008 6:32 pm

20 May 2008 10:24 GMT

Home Depot 1Q adj net income, sales top analyst estimates
LONDON (Thomson Financial) - Home Depot Inc. said Tuesday first-quarter net income fell to $356 million, or 21 cents a share from $1 billion, or 53 cents a share in the same quarter a year ago.

Excluding a charge of $543 million related to store closures, the home improvement retailer said it would have earned 41 cents a share.

Sales for the three-month period fell 3.4% to $17.9 billion. The company said the quarter benefited from a seasonal timing change that added about $536 million to sales.

The mean estimate of analysts polled by Thomson Reuters was for earnings of 37 cents a share on revenue of $17.61 billion.
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Re: Home Depot HD

Postby winston » Sat Aug 23, 2008 10:30 pm

AN UPDATE ON THE AMERICAN DREAM by Brian Hunt

Home Depot, Inc.

This week, Home Depot announced results from one of the worst quarters the company has ever had.

Earnings declined 25%... the eighth consecutive quarter of lower profits. Folks just aren't spending money on the American dream. Now here's where it gets interesting...

Home Depot shares are up 10% in the last month. When a stock won't fall on horrid news, it's a bullish sign.

Keep an eye on the Depot... and expect more poor results. But if shares refuse to decline past $24, take it as a sign the worst is over for the American consumer
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Re: Home Depot HD

Postby blid2def » Sun Aug 24, 2008 12:34 am

When a stock won't fall on horrid news, it's a bullish sign.


Wasn't that what happened during the dotcom boom too? No earnings? Nevermind lah...
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Re: Home Depot HD

Postby kennynah » Sun Aug 24, 2008 2:11 am

not always "1 size fits all" case
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Re: Home Depot HD

Postby winston » Thu Sep 11, 2008 8:37 am

Not vested. From Brian Hunt:-

THE DEPOT'S TAKE ON THE AMERICAN CONSUMER

Last month, we produced a chart of Harley-Davidson (HOG) and speculated the huge downtrend in consumer spending stocks was over.

HOG is the quintessential American brand. It prospers when folks have spare cash. It suffers when they don't. We lump Nordstrom, Pool Corp, and Home Depot in the same boat. Share prices in these companies speak volumes about the American consumer.

For much of the past few years, these stocks told us horror stories. Home Depot, for instance, fell 46% from mid '07 to mid '08. But now... even as the Depot reports sinking earnings... shares have held around $28. HOG shows similar price action.

Does this strength mean we can say with certainty the worst is over for the American consumer? No way. But something big is happening in the market that says we can "consider" it...

World stock markets are in widespread decline. And stocks like Harley-Davidson and Home Depot are reporting terrible earnings right now. Their share prices, however, are near nine-month highs. When stocks hold steady in the face of bad news, it's a big bullish sign. This bear market looks to be over.
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Re: Home Depot HD

Postby LenaHuat » Thu Sep 11, 2008 9:28 am

Juz a short time ago (maybe 1-2 months), both the founder and current President-CEO of Home Depot appeared jointly for the first time on CNBC. (None of them has ever until then). I was very impressed with their clear diction and down-to-earth demeanour. The President talked abt staffing policy. The strength of HD's shares could reflect shareholders' confidence in management. :D
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Re: Home Depot (HD)

Postby kennynah » Tue Nov 18, 2008 9:39 pm

Home Depot Q3 profit down 30.7%, yet tops estimates; backs FY08 EPS view, cautions on sales - Update 2
11/18/2008 8:36 AM ET


(RTTNews) - Tuesday, Home Depot Inc. (HD: News ), the world's largest home improvement retailer, reported a sharp decline in third-quarter profit, hurt by lower net sales as well as lower comparable store sales. However, quarterly earnings per share and top line beat market projections. Further, the company maintained its fiscal 2008 outlook for earnings decline, but said it sees more decline in sales due to continued softness in the markets and negative macro-economic conditions.

Reflecting the general delays in consumer spending for the home improvement projects and bigger-ticket purchases amid a struggling economy, Home Depot's strong competitor and the world's second largest home improvement retailer, Lowe's Companies, Inc. (LOW: News ) also reported a 24% drop in profit for the third quarter to $488 million on Monday.

Home Depot's third-quarter consolidated net earnings fell 30.7% to $756 million from $1.09 billion a year ago. On a per-share basis, earnings declined 25% to $0.45 from last year's $0.60. Quarterly net earnings also declined from $1.20 billion or $0.71 per share recorded in the preceding quarter.
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Re: Home Depot (HD)

Postby winston » Thu Feb 18, 2010 9:38 pm

THIS CHART PROVES THE AMERICAN DREAM LIVES

The "American dream" lives. Note today's chart, which shows the new yearly high in Home Depot (HD)...

Home Depot is one of our favorite "real world" indicator companies. As the country's largest home improvement chain, HD's stock rises and falls with America's ability to spend money on new flooring, kitchens, bathrooms, windows, and lawn ornaments. Since the American dream is to own a home, HD's earnings and share price are great indicators of how things are going economically.

Obviously, things are "going" right now. The government's giant E-Z-Credit program has businesses and consumers floating on an ocean of cheap money. This has offset the dampening effects of the housing crash and high unemployment.

How will this all turn out? As we often remind folks, there ain't no such thing as a free lunch . Paying for all kinds of bailouts, clunkers, subsidized home loans, food stamps, sport wars, and welfare checks will eventually debase the paper dollar. But for now, Home Depot and its customers are riding comfortably on the Fed's gravy train.

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Re: Home Depot (HD)

Postby winston » Wed Jun 09, 2010 8:14 pm

Not vested.

ANOTHER DANGEROUS BREAKDOWN


First, it was copper. Now, it's Home Depot…

Longtime DailyWealth readers know we monitor a handful of "real world" indicators to get a read on the global economy. In addition to key assets like copper and transportation stocks, shares of Home Depot (HD) are high on our list.

As America's largest vendor of things to spruce up the basement, bathroom, kitchen, roof, and garden, HD's profits and share price rise and fall with the ability of the country to spend money on the American dream.

In Saturday's chart of the week, we noted the dangerous breakdown in the price of copper. Today, we must also note the dangerous breakdown in HD. As you can see from today's chart, the uptrend in Depot shares has been shattered… Just yesterday, the stock hit its lowest low in over two months. This is what's called a downside breakout.

Last month, we noted HD was still trending higher… which was a sign that the E-Z-Credit stock bull market was still intact. But in this volatile market, our indicators can turn on a dime. HD has done just that. The uptrend of copper and HD, and thus U.S. and global growth, has been smashed. The downtrend is beginning.


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