Home Depot (HD) Q4 Earnings: What Investors Should Know
Home improvement retail giant Home Depot (NYSE:HD) is set to announce its earnings results this Tuesday morning. Here’s what to expect.
Last quarter, Home Depot met analysts’ revenue expectations, reporting $41.35 billion in revenue, marking a year-on-year increase of 2.8%. However, it faced challenges with EBITDA and EPS estimates, falling short of analysts' predictions.
This quarter, the market anticipates a revenue decline of 3.9% year-on-year for Home Depot. This represents a significant shift from the 14.1% revenue growth recorded during the same quarter last year.
Over the past 30 days, analysts have largely reaffirmed their estimates, indicating confidence in the company’s performance heading into earnings. Historically, Home Depot has a strong track record of meeting Wall Street’s revenue expectations.
In the home furnishing and improvement retail segment, only Floor And Decor has reported earnings results thus far, successfully meeting revenue estimates with a year-on-year sales growth of 2%. Following this announcement, Floor And Decor's stock saw a 4.3% increase.
Investor sentiment in the home furnishing and improvement retail sector has remained stable, with share prices largely unchanged over the past month. Home Depot's shares have dipped by 1.1% during this period, and the company is entering earnings season with an average analyst price target of $398.45, compared to its current share price of $382.19.
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