Home Depot Q2 Earnings Showdown: Bearish Trends Vs. Bullish Bets
Portfolio Pulse from Surbhi Jain
Home Depot Inc. (NYSE:HD) is set to report its Q2 earnings on August 13, with Wall Street expecting $4.5 in EPS and $43.4 billion in revenues. The stock is currently showing a bearish trend, trading below its 5-, 20-, and 50-day exponential moving averages. However, technical indicators like the MACD and RSI suggest potential for a rebound. Analysts have a consensus 'Buy' rating with an average price target of $385.33, indicating an 11.02% upside.
August 12, 2024 | 4:32 pm
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Home Depot is set to report Q2 earnings with Wall Street expecting $4.5 in EPS and $43.4 billion in revenues. The stock is currently bearish but technical indicators and analyst ratings suggest potential for a rebound.
The stock is currently trading below key moving averages, indicating a bearish trend. However, technical indicators like the MACD and RSI suggest potential for a rebound. Analysts have a consensus 'Buy' rating with an average price target indicating an 11.02% upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100