![]() We often talk about how this data can be used by advertisers to reach ideal consumers with Gravy Audiences. Location intelligence lets us truly understand consumer behavior – the places people visit, the stores they shop in, and what they do with their free time. Earnings release expected Nov.Using Location Intelligence for Competitive Advantage.Adjusted EPS beat estimates in 9 of past 12 quarters.Shares rose after 7 of prior 12 earnings announcements.Implied 1-day share move following earnings: 5.6%.23 buys, 7 holds, 1 sell average price target $183.NOTE: Earlier, Home Depot to Buy Former Unit HD Supply in US$9.1 Billion Deal.Adjusted EPS beat estimates in 11 of past 12 quarters.Shares fell after 9 of prior 12 earnings announcements.Implied 1-day share move following earnings: 3.2 per cent.21 buys, 11 holds, 2 sells average price target US$300.FY revenue estimate $86.01 billion (range US$81.94 billion to US$88.97 billion).same-store sales estimate +23.9 per cent (Consensus Metrix, 9 estimates) 3Q total same-store sales estimate +23.4 per cent (Consensus Metrix, 21 estimates).3Q net sales estimate US$21.23 billion (range US$19.32 billion to US$22.60 billion).3Q adjusted EPS estimate US$2.00 (range US$1.49 to US$2.37).Lowe’s (withdrew year forecast in May):.FY sales estimate US$125.67 billion (range US$117.08 billion to US$131.29 billion).estimate +19.3 per cent (Consensus Metrix, avg of 9) 3Q total company comparable-store sales estimate +17.4 per cent (Consensus Metrix, average of 22). ![]() 3Q net sales estimate US$31.75 billion (range US$29.9 billion to $33.78 billion).3Q adjusted EPS estimate US$3.05 (range US$2.80 to US$3.61).Home Depot (withdrew year forecast in May):.“Visits are again back on the rise heading into what could be an enormous holiday season for these chains,” wrote Ethan Chernofsky, vice president of marketing at Placer.ai. After a dip in September, October year-over-year visits grew almost 16% at Home Depot and almost 24% at Lowe’s. and Floor & Decor Holdings Inc., as well as favorable seasonal weather.įurthermore, the most recent home improvement report from foot-traffic analytics firm Placer.ai shows a resurgence in visits to stores like Home Depot and Lowe’s. Gordon Haskett analyst Chuck Grom also cited “favorable reads” from companies including Sherwin-Williams Co., Masco Corp., Scott’s Miracle-Gro Co., Tractor Supply Co. “The home improvement and gardening craze isn’t over,” wrote Coresight Research’s Deborah Weinswig after the government report. retail sales rose in September at the fastest pace in three months, including a 19 per cent adjusted gain in the building materials, garden equipment and supply dealers category. In another sign of industry strength, U.S. Consumers continued to invest in their homes at heightened levels due to higher disposable income as a result of less spending on discretionary categories, the impact of “nesting” from Covid-19 social restrictions and increasing home values and home ownership, he said. Observations “point to robust demand for home improvement products” last quarter, Telsey Advisory Group analyst Joseph Feldman wrote in previews of the results. Home Depot has gained 28 per cent this year and Lowe’s is up 34 per cent, compared with the 12 per cent gain in the S&P 500 index. Stores remained opened and some people stuck at home found time and funds that might have gone to travel and entertainment available for repairs and renovations. Shares of both companies have outperformed the broader market this year, benefiting from being deemed “essential” businesses amid the COVID-19 pandemic. Analysts are also targeting another period of double-digit comparable sales growth. ![]() ![]() Still, both are seen posting the highest-ever sales for a third quarter, according to data compiled by Bloomberg. 31 is seen moderating from record levels the two companies saw over the summer, which were driven by do-it-yourself projects during the pandemic. report third-quarter results this week and Wall Street is once again predicting blowout sales performances. Home improvement retailers Home Depot Inc. ![]()
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