Are Real Estate Agents Contributing to Home Depot’s Growth?
According to numerous sources, yesterday afternoon, Home Depot reported earnings that went skyrocketing in their fourth quarter, way beyond Wall Street’s initial expectations. Based on the store’s reports, this home improvement empire has gained $1.69 a share in earnings this quarter, versus the $1.61 that was suspected by analysts at Thomas Reuters. The stock is up 42% from last year, which is no doubt a lot for the store to celebrate.
So, what is the spike in this store’s fourth-quarter due to, and is it something real estate agents and homeowners should be taking note of? Or, was it just a lucky quarter for Home Depot? Before you sell your stock, let’s take a closer look.