Here's What Key Metrics Tell Us About Home Depot (HD) Q2 Earnings

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Home Depot performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Comparable store sales - YoY change: 1.7% compared to the 1% average estimate based on nine analysts.
• Number of stores - Retail: 2,364 compared to the 2,365 average estimate based on six analysts.
• Sales per store: $20.25 million compared to the $19.35 million average estimate based on four analysts.
• Comparable store sales - U.S. - YoY change: 1.3% versus the three-analyst average estimate of 1%.
• Number of customer transactions - Retail: 443.2 million versus 439.99 million estimated by two analysts on average.
• Average ticket - Retail: $92.50 versus the two-analyst average estimate of $92.48.

View all Key Company Metrics for Home Depot here>>>

Shares of Home Depot have returned +1.5% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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