About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Group 1 - Home Depot reported quarterly earnings of $3.78 per share, exceeding the Zacks Consensus Estimate of $3.64 per share, but down from $3.81 per share a year ago, representing an earnings surprise of 3.85% [1] - The company achieved revenues of $40.22 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 2.17% and increasing from $37.71 billion year-over-year [2] - Home Depot has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has gained approximately 17.8% since the beginning of the year, while the S&P 500 has increased by 25.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Home Depot is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - The current consensus EPS estimate for the upcoming quarter is $2.99 on revenues of $38.72 billion, and for the current fiscal year, it is $14.99 on revenues of $157.67 billion [7] - The Building Products - Retail industry, to which Home Depot belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a positive outlook for the sector [8] Group 4 - Lowe's, another company in the same industry, is expected to report quarterly earnings of $2.80 per share, reflecting a year-over-year decline of 8.5%, with revenues anticipated to be $19.92 billion, down 2.7% from the previous year [9]

Home Depot (HD) shares rose Tuesday morning after its third-quarter results came in above estimates and the retailer also lifted fiscal 2024 sales projections. The home improvement giant reported revenue of $40.22 billion in the quarter, above the $39.25 billion analysts polled by Visible Alpha expected and the $37.71 billion the retailer generated a year ago. Net income came in at $3.65 billion, above the $3.58 billion consensus expectation but lower than last year's $3.81 billion. Home Depot also updated ...

Exhibit 99.1 The Home Depot Announces Third Quarter Fiscal 2024 Results; Updates Fiscal 2024 Guidance ATLANTA, November 12, 2024 -- The Home Depot , the world's largest home improvement retailer, today reported sales of $40.2 billion for the third quarter of fiscal 2024, an increase of 6.6% from the third quarter of fiscal 2023. Comparable sales for the third quarter of fiscal 2024 decreased 1.3%, and comparable sales in the U.S. decreased 1.2%. ® Operating income for the third quarter of fiscal 2024 was $5 ...

ATLANTA, Nov. 12, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $40.2 billion for the third quarter of fiscal 2024, an increase of 6.6% from the third quarter of fiscal 2023. Comparable sales for the third quarter of fiscal 2024 decreased 1.3%, and comparable sales in the U.S. decreased 1.2%.Operating income for the third quarter of fiscal 2024 was $5.4 billion and operating margin was 13.5%, compared with operating income of $5.4 billion and an ...

In this article Home Depot is set to report quarterly earnings before the bell Tuesday. Here's what Wall Street expects the home improvement retailer to report: Earnings per share: $3.64 Revenue: $39.32 billion Home Depot is mired in a sales slump after higher mortgage and interest rates forced homeowners to put off major projects. Its stock has climbed nearly 18% this year, versus the nearly 26% gains of the S&P 500. ...

| --- | |-----------------------------------------------------------------------------------------------------------------------------| | Key Takeaways | | The Home Depot, Walmart and Target stocks appear likely to beat third-quarter earnings estimates. | | HD, WMT and TGT stock look likely to have their prices driven up in the near term. | | Register now to see our 7 Best Stocks for the Next 30 Days report - free today! | We are in the last leg of the third-quarter 2024 earnings season. So far earnings res ...

The Home Depot Inc HD will be reporting its third-quarter earnings on Tuesday. Wall Street expects $3.64 in EPS and $39.17 in revenues as the company reports before market hours. The stock is up 42.56% over the past year, 19% YTD. Let's look at what the charts indicate for Home Depot stock and how the stock currently maps against Wall Street estimates. Read Also: How To Earn $500 A Month From Home Depot Stock Ahead Of Q3 Earnings Home Depot Stock In Bullish Trend Ahead Of Q3 Earnings Home Depot's stock is h ...

Home Depot, Inc. HD will release earnings results for the third quarter, before the opening bell, on Tuesday, Nov. 12.Analysts expect the Atlanta-based retailer to report quarterly earnings at $3.64 per share. That’s down from $3.81 per share in the year-ago period. Home Depot projects to report quarterly revenue of $39.17 billion, according to data from Benzinga Pro.On Friday, Telsey Advisory Group analyst Joseph Feldman upgraded the rating for Home Depot from Market Perform to Outperform and raised the pr ...

Key Takeaways Home Depot reports earnings Tuesday morning, with analysts expecting higher revenue but lower profits compared to the same time last year. Recent quarters from Home Depot and rival Lowe's have disappointed as Americans put off big purchases to focus spending on essentials. JPMorgan analysts suggested sales could see a bump from hurricanes that impacted parts of the South in the quarter. Home Depot (HD) is set to report earnings before the bell Tuesday after its recent quarters have disappointe ...