Shares of Home Depot have risen more than 20% this year, giving it a market value of $343 billion.The big question for Home Depot is whether it will be able to hold onto those gains even after the crisis subsides.Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021.is expected to report its first-quarter earnings before the bell on Tuesday.Earnings per share: $3.
But the big question for Home Depot is whether it will be able to hold onto those gains even after the crisis subsides. Consumers are— taking them away from their homes and any potential renovations. However, the retailer could see a resurgence in its business for professionals as consumers feel more comfortable with inviting people into their homes.
Citing the uncertainty of the current environment, Home Depot did not issue an outlook for fiscal 2021. However, the company did say that if trends are unchanged, the company will see flat to slightly positive same-store sales growth. Shares of Home Depot have risen more than 20% so far this year, giving it a market value of $344 billion. The stock closed Monday at $320.01.
Source: News Formal (newsformal.com)