Home Depot Earnings Preview: Better Macroeconomic Conditions To Aid Sales

The stock price climbed almost 44% to register a 52-week high at $ 112.24 on February 21. In Q3, revenues grew 5.4% year-on-year to reach $20.5 billion, with a strong comparable sales growth of 5.8% in the U.S., in spite of the data breach. We expect Home Depot to continue growing in the fourth quarter backed by improving macroeconomic conditions and renewed housing market activity in the U.S.