1 Incredible Reason to Buy Home Depot Stock Before It Reports Earnings on Aug. 18
The leading home improvement retailer made key strategic moves to position itself for the next housing upturn.
Overview
Home Depot (NYSE: HD) will report second-quarter earnings on Aug. 18. Analysts expect revenue of $47.2 billion, up about 4% from the year-ago quarter. Adjusted earnings per share are projected at $4.73, slightly higher than last year's $4.68.
One compelling reason to buy the stock now is Home Depot's roughly $700 billion opportunity in the Pro market -- and it's already translating into results.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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