What to expect for Home Depot Q3 earnings in 2016
The retail titan, Home Depot will be releasing its third quarter earnings for the year of 2016 at 6:00 AM ET tomorrow. Take a look at some expectations and the full preview below.
|Wall Street Estimates||$1.58||$23,039B|
The Home Depot has been in a strong position in the housing market. Moreover, their online expansions have been successful. I also suspect that many Home Depot stockholders are just people who set and forget their investments. This is a very interesting concept to look at. Of course, HD isn’t the only stock that experiences this phenomenon. But, these type of long-term investors serves as stabilisers for the stock. This effect will also reduce Home Depot Q3 earnings volatility. They mostly won’t panic sell when the stock is failing. On the flipside, if the stock is doing well, they will just sit back and collect their dividends instead of cashing out their profits. Because of this, the best way to trade is to take a swing trading approach and try to buy on the overdone dips in share price. Which, surprisingly happen regularly with HD. Again, there’s not much to worry about, the stock almost always recovers slowly but surely.
As you can see, I am expecting Home Depot Q3 earnings to beat Wall Street’s estimates. This is not very surprising as Home Depot’s last earnings miss was 8 years ago. Needless to say, the company comes thru time and time again, providing good, better-than-expected results, and there is no reason why they shouldn’t do the same this time around. This company doesn’t disappoint its shareholders. In fact, The Home Depot has truly been an all-star blue chip stock for decades now. Stocks like this make it easy to throw money and get a nice return on an almost guaranteed basis. At least, with a minimum amount of technical analysis that is.