by Jharonne Martis.
1Q 2018 Thomson Reuters 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 Thomson Reuters 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 Thomson Reuters 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 Thomson Reuters I/B/E/S.
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