From Nasdaq: 2024-11-15 17:50:00

Home Depot and Disney reported strong quarterly results, surpassing earnings expectations. Home Depot’s Q3 sales of $40.21 billion increased 6% from the previous year, while Disney saw a 6% increase in Q4 sales at $22.57 billion. Both companies have beaten earnings expectations consistently, making them attractive stocks to consider. Disney has also seen growth in its streaming services, with Disney+ subscribers at 123 million.

In terms of stock performance, Disney is up 27% this year, while Home Depot has gained 17%. Home Depot has shown stronger long-term gains, with over 300% growth in the last decade compared to Disney’s 28%. However, Disney trades at a lower forward earnings multiple of 21.4X compared to Home Depot’s 27X. Both companies trade near the ideal level of less than 2X sales.

Disney offers a dividend yield of 0.82% after reinstating its dividend in 2023, while Home Depot’s dividend yield is higher at 2.22%. Both companies hold a Zacks Rank #3 (Hold) and have a history of exceeding earnings expectations. The future potential for these stocks will depend on earnings estimates and growth trends, with Home Depot’s consistent performance and Disney’s streaming services driving growth.

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Read more at Nasdaq: Time to Buy Home Depot or Disney Stock After Beating Earnings Expectations?