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Stocks to Watch: Home Depot, Groupon

NEW YORK -- Home Depot (HD - Get Report) reports earnings before Tuesday's opening bell and analysts expect the home-improvement retailer to post profit for the July-ended quarter of 97 cents a share on revenue of $20.74 billion.

A year earlier, Home Depot earned 86 cents a share on revenue of $20.23 billion.

Shares of the Dow component are up more than 25% so far in 2012.

Groupon (GRPN - Get Report), the daily deals site, beat analysts' quarterly estimates on the bottom line but revenue came in light.

Groupon posted second-quarter non-GAAP earnings Monday of $53.8 million, or 8 cents a share, on revenue of $568.3 million. Analysts were calling for a profit of 3 cents a share in the quarter on revenue of $573.1 million.

Groupon sees revenue ranging from $580 million to $620 million in the third quarter. Analysts forecast revenue of $604.5 million.

Gross billings declined on a sequential basis, falling to $1.29 billion in the second quarter from $1.35 billion in the first quarter.

Groupon Plunges on Revenue Miss

Retailer TJX (TJX - Get Report) is expected by analysts Tuesday to report second-quarter earnings of 55 cents a share on sales of $6 billion.

Dick's Sporting Goods (DKS - Get Report), the sporting goods retailer, is expected to post second-quarter profit of 64 cents a share on sales of $1.44 billion.

Google (GOOG) is acquiring the Frommer's travel-guide business from John Wiley & Sons (JWB).

Google paid around $25 million for Frommer's, according to a person briefed on the deal, which hasn't yet closed, The Wall Street Journal reported.

Tech's Top 3 Back-to-School Stocks

-- Written by Joseph Woelfel

>To contact the writer of this article, click here: Joseph Woelfel
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DKS $46.59 -1.25%
HD $135.16 0.46%
GRPN $3.38 0.00%
TJX $77.01 -0.03%
AAPL $94.19 -1.04%


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