Home Depot: FY targets raised again; consensus beaten

(CercleFinance.com) - Home Depot has again raises its annual targets, now looking for EPS growth of 33.
8% to 9.75 dollars and reported sales growth of 7.2%, with 5.5% at constant stores.

In its third quarter, the home improvement chain reported EPS of 2.9 billion dollars, meaning EPS that is up 36.4% at 2.51 dollars, beating the consensus by nearly 25 cents.

This stronger-than-expected earnings growth is based on 5.1% sales growth, at 26.3 billion dollars, including a 4.8% increase at constant stores (+5.4% in the US alone).



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