Home Depot: targets upgraded again.

(CercleFinance.com) - Quarters seem to be following on from each other, looking alike for Home Depot.


Three months after raising its FY EPS target, the group has once again increased its estimates. After previously raising its estimate by 2 cents to 7.15 dollars, it now expects EPS to reach 7.29 dollars.

Indeed, the American DIY giant reported Q2 earnings of 2.7 billion dollars, or 2.25 dollars per diluted share, against earnings of 2.4 billion dollars, or 1.97 dollar per share a year earlier.

Meanwhile, its sales rose by 6.2% from April-June 2016, reaching 28.1 billion dollars. They were also up 6.3% at constant stores and rose 6.6% at constant stores in the US.


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