Home Depot Traders Prepare for Earnings Results Today; EPS of 3.82 Expected
Yesterday, Home Depot's stock (HD) experienced bearish price action, causing it to fall as low as 287.24 before stabilizing at 288.07. This consolidation of losses comes after 4.55 million shares were traded on the day, surpassing the multiday average of 3 million.
Today, Home Depot is expected to report earnings per share (EPS) of 3.82 and revenue of $35.66 billion. Traders and investors will be closely watching these results to assess the company's performance.
Key Facts about Home Depot
Home Depot has underperformed the Dow by 0.01% so far this year.
The stock currently has a market cap of $288 billion.
Yesterday's market volume for Home Depot was 4.55 million shares, which is 151% higher than the average.
It appears that Home Depot's price action is currently pivoting around key support at 286.9. If this level succumbs to bearish pressure, the next support level to watch out for is at 285.72.
With today's 1.21% drop to 288.07, Home Depot's ongoing four-day downtrend has been further accentuated. Yesterday, the bearish market action caused Home Depot to dip to 287.24 before settling at $288.07, consolidating its losses and securing market bears' dominance.
Key Points:
Home Depot's price action is currently pivoting around $286.9, which is a key support level.
The next key support level to watch out for is at $285.72.
If Home Depot dips below $283.03, it could indicate further losses are ahead.
On the other hand, if it fails to break below this level, it may be seen positively by market bulls and a retracement could be on the cards.
The next downside barriers for Home Depot are at 286.9 and 285.72.
Yesterday, Home Depot's stock (HD) experienced bearish price action, causing it to fall as low as 287.24 before stabilizing at 288.07. This consolidation of losses comes after 4.55 million shares were traded on the day, surpassing the multiday average of 3 million.
Today, Home Depot is expected to report earnings per share (EPS) of 3.82 and revenue of $35.66 billion. Traders and investors will be closely watching these results to assess the company's performance.
Key Facts about Home Depot
Home Depot has underperformed the Dow by 0.01% so far this year.
The stock currently has a market cap of $288 billion.
Yesterday's market volume for Home Depot was 4.55 million shares, which is 151% higher than the average.
It appears that Home Depot's price action is currently pivoting around key support at 286.9. If this level succumbs to bearish pressure, the next support level to watch out for is at 285.72.
With today's 1.21% drop to 288.07, Home Depot's ongoing four-day downtrend has been further accentuated. Yesterday, the bearish market action caused Home Depot to dip to 287.24 before settling at $288.07, consolidating its losses and securing market bears' dominance.
Key Points:
Home Depot's price action is currently pivoting around $286.9, which is a key support level.
The next key support level to watch out for is at $285.72.
If Home Depot dips below $283.03, it could indicate further losses are ahead.
On the other hand, if it fails to break below this level, it may be seen positively by market bulls and a retracement could be on the cards.
The next downside barriers for Home Depot are at 286.9 and 285.72.