The Home Depot Inc. (HD) is scheduled to report second-quarter 2018 earnings results on August 14. For the first quarter, while the company’s profits saw an increase, beating market expectations, sales missed estimates despite posting a year-over-year growth. Home Depot said Q1 revenues were impacted negatively by cold weather, but the company anticipates a recovery in the top line for the second quarter.
For the full year of 2018, Home Depot expects revenues to increase by around 6.7% and comparable sales to grow by about 5%. Diluted EPS is expected to see an improvement of approximately 28%. For Q2 2018, analysts expect EPS to come in between $2.84 to $2.88 while revenues are expected to increase by more than 6%.
Home Depot is likely to benefit from positive trends in the housing market
Home Depot saw growth in same-store sales last quarter while commodity prices and forex drove strength in average ticket. The company believes it can benefit from the positive trends in the housing market. Additionally, the cost of home renovations is lower than the cost of new home builds. This factor too is likely to prove beneficial for Home Depot and its peers.
Home Depot’s shares fell over 2% after its first-quarter results, but the stock is up more than 3% so far this year.
Along with Home Depot, other retailers such as Macy’s Inc. (M) and Walmart Inc. (WMT) are due to report earnings this week.
Yelp (NYSE: YELP) reported second-quarter financial results after the regular trading hours on Thursday. The results were better than what the street had anticipated. YELP shares rose 4% immediately following the
Uber Technologies (NYSE: UBER) reported its second-quarter 2020 financial results after the regular trading hours on Thursday. Revenues exceeded the estimates, while the bottom-line missed. Shares of the ride-hailing company
TMobile US Inc. (NASDAQ: TMUS) on Thursday announced financial results for the second quarter of 2020, reporting a 61% increase in revenues aided by strong customer growth. The results also