Home Depot (HD) is scheduled to release its earnings report on August 13, 2024, with a Most Accurate Estimate of $4.61 per share, slightly above the Zacks Consensus Estimate of $4.60. This gives Home Depot an earnings Expected Surprise Prediction (ESP) of +0.29%. The Zacks earnings ESP tool predicts that stocks with a positive ESP and a Zacks Rank #3 (Hold) or stronger have a 70% chance of surpassing expectations, historically leading to an average annual return of 28% over the past decade.
Abercrombie & Fitch (ANF) is also positioned well, set to report earnings on August 28, 2024, with a Most Accurate Estimate of $2.30 and a Zacks Consensus Estimate of $2.11, resulting in a +9.09% ESP. Described as a Zacks Rank #1 (Strong Buy), both stocks are considered likely contenders to exceed analyst expectations in their upcoming earnings reports.
