From Nasdaq: 2024-11-11 14:00:00

The Home Depot, Walmart, and Target stocks are expected to beat third-quarter earnings estimates, likely increasing their prices in the near term. As of November 8, 452 S&P 500 companies have reported earnings, with total earnings up 7.1% year over year. The S&P 500 is expected to see 7.4% earnings growth for the quarter. Three retail giants, including The Home Depot, Walmart, and Target, are set to release their earnings in the next 10 days, with a positive outlook for beating estimates.

The Home Depot is focusing on technology and digital experiences, with an expected earnings growth rate of -0.7% for the current year. Walmart’s diverse business model and strong omnichannel strategy have contributed to its success, with an expected earnings growth rate of 9.9%. Target’s customer-focused approach and commitment to innovation have led to an Earnings ESP of +0.73%. Target is expected to see earnings growth of 6.8% for the current year.

Investors can anticipate positive outcomes from these retail giants as they release their earnings results in the coming days. The combination of a Zacks Rank #2 and a positive Earnings ESP increases the likelihood of an earnings beat, with potential stock price appreciation post-earnings. Target is scheduled to report on November 20, Walmart on November 19, and The Home Depot on November 12.



Read more at Nasdaq:: Buy 3 Retail Giants Poised to Beat on Earnings This Month