This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

HP, Lowe's and Home Depot Report Next Week: Will the Rally Continue?

Stocks in this article: CSCO HPQ DELL HD LOW

HD Chart HD data by YCharts

Home Depot (HD)

Home Depot, together with its subsidiaries, operates as a home improvement retailer.

52-Week Range: $54.97 to $81.56

Price To Book: 6.9

Home Depot investors are just as excited about the upcoming earnings release as Lowe's shareholders. Investors are expecting a growing report before the market opens on Tuesday.

The analysts' consensus profit appraisal is presently $1.21 a share, a gain of 20 cents (16.5%) from $1.01 during the corresponding quarter last year. The lowest analyst estimate this report is $1.15 per share, and the highest is $1.26 per share. If The Home Depot delivers at least the expected results this report, this quarter will also beat last quarter.

Over half the analysts covering Home Depot rate it as a buy or strong buy; 15 of the 26 analysts covering the company give a buy recommendation. Analysts, overall, have called this one correctly. In the last 12 months, the shares have accelerated higher with one year return of 42%. The average analyst current target price for The Home Depot is relatively more optimistic than Lowe's at $86.29.

All of my home improvement space thoughts for Lowe's apply equally to Home Depot. The biggest difference between the two is Home Depot has a store close enough that I can perform an occasional walk through for anecdotal purposes.

Home Depot pays a slightly higher yield than Lowe's. Investors are receiving $1.56 in dividends for a yield of 2%. Shares closed Thursday near support on the weekly chart and investors looking to buy on a dip have found it. Unless they blow it during earnings, expect the shares to work their way above $80 again relatively soon.

HD Revenue Quarterly Chart HD Revenue Quarterly data by YCharts

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Robert Weinstein is an active trader focusing on the psychological importance of risk mitigation, emotion and financial behavior of market participants. Robert co-founded the investing blog StockSaints, where he writes a journal about his trading activity and experiences.

In addition to TheStreet, Robert also contributes to Real Money Pro, providing real-time trading ideas for stocks, options and futures.

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,061.60 +7.89 0.04%
S&P 500 2,092.51 +3.74 0.18%
NASDAQ 4,807.9690 +1.11 0.02%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs