Free Post Earnings Research Report: Home Depot’s Revenue Grew 8.1%; EPS Advanced 14.9%

LONDON, UK / ACCESSWIRE / December 27, 2017 / Active-Investors.com has just released a free earnings report on The Home Depot, Inc. (NYSE: HD). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HD. The Company posted its financial results on November 14, 2017, for the third quarter fiscal 2017. The home improvement retailer’s revenue and EPS surpassed analysts’ expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Home Depot most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HD

Earnings Highlights and Summary

For three months ended October 29, 2017, Home Depot’s net revenue increased 8.1% to $25.03 billion, from $23.15 billion in Q3 FY16. The Company’s revenue surpassed analysts’ expectation of $24.55 billion.

For the reported quarter, the Company’s comparable store sales growth was 7.9% compared to 5.5% in Q3 FY16. The growth was due to increase in comparable store average ticket and increase in comparable store customer transactions. For the reported quarter, the Company’s customer transactions increased 2.5% to 389.5 million from 380.0 million in Q3 FY16. For the reported quarter, the Company’s average ticket price increased 5.1% to $62.84 from $59.78 in Q3 FY16. For the reported quarter, the Company’s sales per square foot increased 7.9% to $412.49 from $382.18 in Q3 FY16.

During Q3 FY17, Home Depot’s gross profit increased 7.5% to $8.65 billion from $8.04 billion in the same period last year. For the reported quarter, the Company’s gross margin decreased 10 basis points to 34.6% of revenue from 34.7% of revenue in Q3 FY16.

During Q3 FY17, Home Depot’s operating income increased 10.8% to $3.68 billion from $3.32 billion in the same period last year. For the reported quarter, the Company’s operating margin increased 40 basis points to 14.7% of revenue from 14.3% of revenue in Q3 FY16.

During Q3 FY17, Home Depot’s EBT increased 11.3% to $3.43 billion, from $3.08 billion in the same period last year. For the reported quarter, the Company’s earnings before tax (EBT) margin increased 40 basis points to 13.7% of revenue from 13.3% of revenue in Q3 FY16.

For the reported quarter, Home Depot’s net income increased 10% to $2.17 billion on a y-o-y basis from $1.97 billion in Q3 FY16. During Q3 FY17, the Company’s diluted EPS increased 14.9% $1.84 on a y-o-y basis from $1.60 in the same period last year. Diluted EPS surpassed analysts’ expectations of $1.81.

Balance Sheet

As on October 29, 2017, Home Depot’s cash and cash equivalents decreased 1.1% to $3.55 billion from $3.59 billion on October 30, 2016. For the reported quarter, the Company’s long-term debt, excluding current installments increased 8.6% to $24.27 billion from $22.34 billion in Q3 FY16.

For the reported quarter, the Company’s net receivables increased 8.6% to $2.17 billion from $2.00 billion in Q3 FY16. For the reported quarter, the Company’s accounts payable increased 6.4% to $8.57 billion from $8.05 billion in Q3 FY16.

In the first nine months of 2017, the Company’s net cash provided by operating activities increased 23% to $9.74 billion from $7.92 billion in the same period last year.

Outlook

For FY17, the Company expects revenue growth to be 6.3% and comparable sales growth to be 6.5%. The Company estimates diluted ES growth to be 14% for fiscal 2017.

Stock Performance Snapshot

December 26, 2017 – At Tuesday’s closing bell, The Home Depot’s stock advanced 1.19%, ending the trading session at $190.36.

Volume traded for the day: 2.88 million shares.

Stock performance in the last month – up 10.46%; previous three-month period – up 18.05%; past twelve-month period – up 40.96%; and year-to-date – up 41.97%

After yesterday’s close, The Home Depot’s market cap was at $222.23 billion.

Price to Earnings (P/E) ratio was at 26.42.

The stock has a dividend yield of 1.87%.

The stock is part of the Services sector, categorized under the Home Improvement Stores industry. This sector was flat at the end of the session.

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