Home Depot beats earnings expectations – Q3 2021

home depot

Home Depot Inc., the largest home improvement retailer in the United States released its third-quarter earnings before the bell rang.

  • Revenue: $36.8 billion
  • EPS: $3.94 per diluted share
  • Net Income: $4.12 billion
CEOs Statement 

As evidenced by our strong performance in the quarter, our team continues to do an outstanding job of operating with flexibility and agility.Ultimately, this is what has allowed us to respond to the elevated home improvement demand that has persisted. I would like to extend my sincere appreciation to our team, as well as our supplier, supply chain, and transportation partners, as we continue to navigate this dynamic environment together.

said Craig Menear, chairman and CEO.
Analysts Estimates 

For this quarter, the analysts had estimated Home Depot to release an EPS of $3.4 while the revenue was expected to stand at $35.01 billion.  

Earnings History 

The company had broken the estimates for the last four quarters. In the previous quarter, the earning was estimated to be $4.44 per share, but it came at $4.53 per share. Similarly, in the third quarter last year. The earning was estimated to be $3.06, but it came at $3.18. 

Earnings Forecast 

The analysts have forecasted that the earnings for the next quarter might be a little less. The EPS is expected to be $2.43 while the revenue is estimated to be $32.94 billion. 

Yesterday, the stocks of Home Depot (HD) stood at $371.08 down 1.55 points (-0.42%). 

Related Posts