• Company News: Home Depot (HD) quarterly results beat analysts’ expectations

Market news

21 February 2017

Company News: Home Depot (HD) quarterly results beat analysts’ expectations

Home Depot reported Q4 FY 2017 earnings of $1.44 per share (versus $1.17 in Q4 FY 2016), beating analysts' consensus estimate of $1.34.

The company's quarterly revenues amounted to $22.207 bln (+5.8% y/y), beating analysts' consensus estimate of $21.810 bln.

The company also issued in-line guidance for FY 2018, projecting EPS of $7.13 (versus analysts' consensus estimate of $7.17) and revenues growth of ~4.6% to ~$98.95 bln (analysts' consensus estimate of $98.32 bln).

In addition, the company's board of directors declared a 29 percent increase in the quarterly dividend to $0.89 per share and authorized a $15 bln share repurchase program, replacing its previous authorization.

HD rose to $145.48 (+1.73%) in pre-market trading.

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