Home Depot (HD) shares set to snap seven straight sessions of losses, as the stock gained more than 3.5% during afternoon trading on Friday.
However, the firm’s shares slipped about 11.5% in the preceding seven sessions.
HD is down 11.7% over the past month. The stock closed 0.63% lower on Thursday at $332.38.
Earlier this week, the company reported mixed Q3 earnings as its Non-GAAP EPS of $3.74 missed the consensus estimate of $3.83 by $0.09, while its revenue increased 2.8% Y/Y to $41.35 billion.
Seeking Alpha analyst YR Research highlighted that Home Depot (HD) missed estimates once again, as a highly anticipated market recovery continues to be pushed out.
“Perhaps the guidance cut will finally be the driver that realigns market expectations with a pressured consumer reality, as Home Depot now expects comparable sales to grow less than 1%,” advised YR Research.
Looking at Seeking Alpha’s Quant Rating, HD has a Hold rating with a score of 3.08 out of 5. The company received an A+ for profitability and a D- for valuation and growth factors.
Seeking Alpha analysts are also cautious and see the stock as a Hold.
Turning to the Wall Street community, 23 out of 37 analysts rated HD a Buy and above, 14 analysts gave the stock a Hold recommendation, and no one rated it a Sell or below.
Overall, the stock has declined more than 13% so far this year, compared to a nearly 12% rise in the broader S&P 500 Index.