by Jharonne Martis.
1Q 2018 Refinitiv Retail and Restaurant Aggregate Estimates and Revisions
Home Depot beat its earnings expectation today, but missed its revenue, and Same Store Sales estimates. Despite facing difficult SSS from a year-ago, the retailer posted a 4.2% SSS, above the 3.0% SSS healthy mark. Moreover, excluding its weak gardening business, SSS rose 6.5%. Home Depot posted double digit earnings growth today, and looking forward Refinitiv I/B/E/S estimates suggests the same for the remainder of the year.
The bulk of retailers are getting ready to report Q1 2018 earnings, including Walmart this week.
Home Depot Earnings Growth Rate 2018
The upward trend in consumer confidence is also reflected in the latest earnings guidance numbers, as retailers have been providing more positive earnings preannouncements compared to a year-ago. As a result, the Refinitiv Retail and Restaurant Earnings Index is now expected to see double digit growth in Q1 2018, after a spectacular holiday season.
The bulk of the negative guidance comes from the apparel sector. Guidance is already starting to come in for Q2.
Q1 2018 Earnings and Revenue Guidance
Please note: if you use our earnings data, please source I/B/E/S.
Eikon is a complete solution for research and analytics. It places the most comprehensive market information, news, analytics and trading tools available into a desktop as simple to use as the Internet. Eikon clients can run fundamental and technical screens against a global dataset representing more than 100 countries and over 200,000 securities.
Republication or redistribution of Reuters content, including by framing or similar means, is prohibited without the prior written consent of Reuters. Reuters and the Reuters logo are registered trademarks, and trademarks of the Thomson Reuters group of companies. For additional information on Reuters photographic services, please visit the web site at http://pictures.reuters.com