Despite strong 2Q17 earnings, analysts have lowered their 12-month target price for Home Depot (HD) to $171.15.
In 2Q17, Home Depot (HD) posted adjusted EPS (earnings per share) of $2.25, which represents a rise of 14.2% from $1.97 in 2Q16.
The entry of Amazon into the appliance sector is expected to curb the pricing power of home improvement retailers and negatively impact Home Depot’s profitability.
Home Depot (HD) has posted gross margin, EBITDA margin, and net margin of 33.7%, 17.7%, and 9.5%, respectively.
For the next four quarters, analysts are expecting Home Depot (HD) to post revenue of $102.1 billion, which represents a rise of 4.9%.
Home Depot (HD) posted revenues of $28.1 billion in 2Q17, which represents a rise of 6.2% from $26.5 billion.
In 2Q17, Home Depot (HD) posted SSSG (same-store sales growth) of 6.3%, with US stores posting SSSG of 6.6%.
The largest home improvement retailer in the world, Home Depot (HD), announced its 2Q17 earnings on August 15. Compared to 2Q16, EPS rose 14.2%, and revenues rose 6.2%.
As of August 15, 2017, Advance Auto Parts stock was trading on a bearish note at $87.08.
As of August 15, 2017, Advance Auto Parts’ forward EV-to-EBITDA multiple was 6.6x.
According to the latest data compiled by Thomson Reuters, 56% of analysts covering Advance Auto Parts (AAP) gave it “buy” recommendations.
In 2Q17, AAP’s gross profit stood at $993 million, about 1.7% lower than the $1.0 billion it posted in the second quarter of the previous year.
Advance Auto Parts’ (AAP) 2Q17 results have fueled investors’ worries about possible near-term weakness in the auto parts retail industry.
In 2015 and 2016, US automakers (FXD) such as Ford (F) and General Motors (GM) benefited from higher US truck sales.
Advance Auto Parts (AAP), one of the largest US auto part retailers, released its 2Q17 earnings on August 15, 2017.
As of August 14, JCPenney stock was rated as a “buy” by five out of 23 analysts. Sixteen analysts had a “hold” rating and two analysts had a “sell” rating.
JCPenney’s (JCP) gross margin fell by 200 basis points to 35.1% in fiscal 2Q17—compared to 37.1% in fiscal 2Q16.
JCPenney (JCP) delivered sales of ~$3.0 billion in fiscal 2Q17. The company exceeded consensus analysts’ expectation of $2.8 billion in fiscal 2Q17.
JCPenney’s adjusted loss per share was higher on a year-over-year basis in fiscal 2Q17 due to the impact of inventory liquidation at its closing stores.
On August 11, JCPenney (JCP) stock fell 16.6% after its fiscal 2Q17 results, which ended on July 29, 2017. JCPenney reported a wider-than-expected loss.