Home Depot (HD) Surpasses Q4 Earnings And Sales Estimates
Zacks Investment Research | Feb 24, 2020 09:14PM ET
The Home Depot, Inc. (NYSE:HD) has posted fourth-quarter fiscal 2019, wherein earnings and sales beat the Zacks Consensus Estimate. However, the company’s top line declined on a year-over-year basis, while earnings improved. It also provided a solid view for fiscal 2020.
Shares of the home-improvement retailer rose 2.6% in the pre-market session, following the better-than-expected top and bottom-line results. Moreover, the Zacks Rank #3 (Hold) stock has rallied 27.6% in the past year, outpacing the industry ’s growth of 25.6%.
Q4 Highlights
Earnings of $2.28 per share grew 9.1% from $2.09 registered in the year-ago quarter. The bottom line also surpassed the Zacks Consensus Estimate of $2.10. Results were partly offset by an extra week of operation in the fourth quarter of fiscal 2018 compared with the reported quarter, which added 21 cents to earnings per share in the fourth quarter of fiscal 2018.
The Home Depot, Inc. Price, Consensus and EPS Surprise
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