The Home Depot Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The Home Depot, Inc. (NYSE:HD) will unveil its latest earnings on Tuesday, February 21, 2012. The Home Depot is a home improvement retailer that sells an assortment of building materials, home improvement and lawn and garden products.

The Home Depot, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 42 cents per share, a rise of 16.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $2.39 per share, a rise of 17.7% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 60 cents per share against a mean estimate of profit of 59 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $15.46 billion in revenue this quarter, a rise of 2.2% from the year-ago quarter. Analysts are forecasting total revenue of $69.85 billion for the year, a rise of 2.7% from last year’s revenue of $68 billion.

Analyst Ratings: Analysts are bullish on this stock, with 14 analysts rating it as a buy, none rating it as a sell and 10 rating it as a hold.

A Look Back: In the third quarter, profit rose 12% to $934 million (60 cents a share) from $834 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 4.4% to $17.33 billion from $16.6 billion.

Key Stats:

For three consecutive quarters, the comapny has seen net income rise. Net income rose 14.3% in the second quarter and 12% in the first quarter.

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 4.2%.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price rose $8.38 (22.4%), from $37.33 to $45.71. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 10, 2012, when shares rose for nine straight days, increasing 4.8% (+$2) over that span. It saw one of its worst periods between August 26, 2011 and September 6, 2011 when shares fell for seven straight days, dropping 5% (-$1.69) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com