Skip to main content

NEW YORK (TheStreet) -- The Home Depot (HD) - Get Home Depot, Inc. Report  shares are jumping 3.15% to $124.65 in pre-market trading on Tuesday after the home improvement retailer reported strong third quarter 2015 earnings that beat analysts' forecasts. 

For the latest quarter, the company earned $1.35 a share on sales of $21.8 billion. 

Analysts had expected the company to earn $1.32 a share on revenue of $21.76 billion.

In the same period the year prior, the company earned $1.15 a share on revenue of $20.5 billion.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio commented on Home Depot earnings, saying:"Home Depot once again showed that it can capitalize off the stabilization of housing valuations. The company is showing what happens when individuals 'invest' in homes rather than just expense their purchases."

Overall, same-store sales grew more than expected both globally and in the U.S. 

"During the quarter, we saw broad-based growth across our geographies and product categories, led by growth in transactions from both our DIY and Pro customers," CEO Craig Menear stated.

Scroll to Continue

TheStreet Recommends

In addition, the company revised its full-year earnings guidance. It now expects earnings per share to increase by 14% to $5.36, compared to its previous forecast of earnings between $5.31 and $5.36 a share. 

Separately, TheStreet Ratings team rates HOME DEPOT INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

We rate HOME DEPOT INC (HD) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: HD

Image placeholder title

HD

data by

YCharts