James McCabe's Contributor Page
Company: Home Depot Inc (NYSE:HD)
Last Updated: February 17, 2020 (Prior to the fiscal 4Q2019 earnings release on February 25, 2020).
View: Bullish
Model description: Many factors contribute to the Home Depot Q4 2019 earnings estimates, especially the constant commodity growth which includes copper and lumber and the holiday sales. My belief is that starting in the Q4 2019 comparable sales will contribute to a bullish trend into and continuing on in 2020. Comparable store sales will rise in Q4 not only due to the continued growth in commodities but the the holiday sales season. The sales over the past 5 years have only increased and have shown to have a significant impact on retail stores such as Home Depot. Although I believe these positive effects will be better replicated in the 2020 Q1, they will still be up from Q3 considering copper and lumber themselves are selling at a higher price than initially anticipated for this time....click here to continue reading
Last Updated: February 17, 2020 (Prior to the fiscal 4Q2019 earnings release on February 25, 2020).
View: Bullish
Model description: Many factors contribute to the Home Depot Q4 2019 earnings estimates, especially the constant commodity growth which includes copper and lumber and the holiday sales. My belief is that starting in the Q4 2019 comparable sales will contribute to a bullish trend into and continuing on in 2020. Comparable store sales will rise in Q4 not only due to the continued growth in commodities but the the holiday sales season. The sales over the past 5 years have only increased and have shown to have a significant impact on retail stores such as Home Depot. Although I believe these positive effects will be better replicated in the 2020 Q1, they will still be up from Q3 considering copper and lumber themselves are selling at a higher price than initially anticipated for this time....click here to continue reading
| Home Depot Earnings Model (James McCabe).xlsx |
James McCabe is currently a motivated Junior Finance major at the University of Connecticut. James is looking to broaden his future by seeking experience and exposure to markets as well as financial operations. Outside of Finance James enjoys an array of activities including the game of basketball, as he is the treasurer of the Club Basketball team at the University of Connecticut. He also enjoys fishing with friends and family.
Disclosure: The author of this article/model has no financial investment or other conflict of interest related to the subject company or other companies discussed. Any views made or implied in the content represent the author’s opinions.
Disclosure: The author of this article/model has no financial investment or other conflict of interest related to the subject company or other companies discussed. Any views made or implied in the content represent the author’s opinions.