HD Supply (HDS) Stock Gains Today on Mixed Earnings Results
Update: This article has been updated to reflect that HD Supply was sold in 2007 and taken public in 2013. The article previously stated that the company was spun off from Home Depot in 2013.
NEW YORK (TheStreet) -- HD Supply Holdings (HDS) - Get Report shares are up 3.69% to $30.49 in afternoon trading on Tuesday after the industrial product seller reported its fourth quarter earnings before the opening bell today.
The company, which was sold by Home Depot (HD) - Get Report in 2007 before being taken public in 2013, reported fourth quarter earnings of 11 cents per diluted share on an adjusted basis, topping analysts 10 cent per share expectations for the period.
The company also reported generating $2 billion in revenue, a 7% jump over the previous year's period that fell just short of the $2.02 billion analysts expected the company to report.
For the current quarter the company guided earnings between 25 cents and 31 cents per share on revenue between $2.175 billion and $2.23 billion. Analysts on average are expecting the company to earn 34 cents per share on revenue of $2.25 billion
Separately, TheStreet Ratings team rates HD SUPPLY HOLDINGS INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HD SUPPLY HOLDINGS INC (HDS) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: HDS Ratings Report
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