Home DepotNYSE: HD

Which of these two home improvement giants comes out on top in the competition?

Our Zacks Earnings ESP makes it simpler to identify stocks that are likely to exceed quarterly earnings predictions.

ATLANTA, Oct. 29, 2024 /PRNewswire/ -- The Home Depot®, the biggest home improvement retailer in the world, has announced that it will host its Third Quarter Earnings Conference Call on Tuesday, November 12, at 9 a.m. ET. You can listen to the webcast by visiting http://ir.homedepot.com/events-and-presentations and clicking on the Third Quarter Earnings Conference Call icon.

Home Depot (HD) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.

The housing market is ready to bounce back.

Investors frequently depend on the advice of Wall Street analysts to make choices about buying, selling, or holding stocks. Changes in ratings from these analysts, who work for brokerage firms, can significantly influence a stock's price. Media coverage of these rating changes often plays a role in this impact.

HD stock has shown steady growth, hitting a 52-week high last week. This positive trend is supported by its strong market position and continuous investments.

The Home Depot, Inc. has shown strong long-term earnings growth as it has increased its retail presence. However, recent challenges in the housing market and consumer confidence have caused some earnings difficulties in the last few quarters. Although the company's growth prospects remain positive, its current stock price seems too high.

These very powerful companies have been giving out dividends for many years and are likely to keep doing it.