NEW YORK (TheStreet) -- Shares of Home Depot (HD) ticked up 0.39% to $96.35 in morning trading Wednesday after peer company Lowe's (LOW) reported third-quarter earnings that beat analysts' expectations.
Lowe's posted earnings of 59 cents a share, up from 47 cents a share in the same period one year earlier, on revenue of $13.7 billion. Analysts polled by Thomson Reuters had expected earnings of 58 cents a share on revenue of $13.55 billion.
Lowe's said comparable-store sales increased 5.1% in the quarter.
Lowe's also increased its full-year EPS forecast to $2.68 and now expects comparable-store sales to increase 3.5% to 4% for the full year, up from its previous forecast of 3.5%.
Home Depot reported earnings of $1.15 a share on Tuesday to edge analysts' estimates.
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 revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel these 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 Ratings Report