Home improvement name Home Depot Inc (NYSE:HD) is gearing up for its third-quarter earnings report, due out before the open Tuesday, November 18. Analysts anticipate profits of $3.82 per share, a small 1.1% rise from the same quarter last year, on revenue of $41.07 billion, a 2.1% year-over-year increase. Ahead of the event, Zacks Research noted that the company has been advancing its "One Home Depot" plan, focusing on supply-chain expansion, technology investments, and digital enhancements.
HD has a generally positive post-earnings history, finishing five of its last eight reports higher, including a 3.2% pop back in August. This time around, the options pits are pricing in a 6% next-day swing, regardless of direction, which is much larger than the 1.8% move the stock has averaged over the last two years.
On the charts, Home Depot stock has been sliding since mid-September, when it notched a 2025 peak of $426.75. At last glance, the stock was trading 0.8% lower at $368.26, eyeing its eighth weekly loss in the last nine. Since the start of the year, the equity is down 5.5%.
Options bulls appear to have been buying in on the dip, though. HD's 50-day call/put volume ratio of 2.32 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 98% of readings from the past year.
