Core Insights - Home Depot Inc. reported strong fourth-quarter fiscal 2024 results, with earnings and sales exceeding expectations and showing year-over-year improvement [1][2][3] Financial Performance - Adjusted earnings per share increased by 9.4% to $3.13 from $2.82 in the same quarter last year, surpassing the Zacks Consensus Estimate of $3.04 [2] - Net sales rose 14.1% to $39.7 billion from $34.8 billion year-over-year, also exceeding the Zacks Consensus Estimate of $39.14 billion [3] - The additional week in the fiscal fourth quarter contributed $2.5 billion to sales [3] - Comparable sales improved by 0.8%, with U.S. comparable sales rising 1.3% due to increased customer transactions and average ticket size [5] Profitability Metrics - Gross profit increased by 13.3% year-over-year to $13 billion, although gross margin declined by 30 basis points to 32.8% [6][9] - SG&A expenses rose 15.7% to $7.7 billion, with SG&A as a percentage of sales increasing by 30 basis points to 19.5% [8] - Adjusted operating income grew by 10.7% to $4.6 billion, while the adjusted operating margin contracted by 40 basis points to 11.7% [9] Future Outlook - For fiscal 2025, Home Depot anticipates a sales increase of 2.8% and comparable sales growth of 1% [12] - The company estimates a gross margin of 33.4% and an operating margin of 13% for fiscal 2025, with adjusted operating margin expected at 13.4% [13] - GAAP earnings per share are projected to decline by 3%, while adjusted earnings per share are expected to fall by 2% year-over-year [14]

Market Overview - Major indexes have experienced a pullback from all-time highs, with the Dow, Nasdaq, S&P 500, and Russell 2000 showing slight pre-market gains [1] - Approximately 1000 earnings reports are expected this week, with NVIDIA's earnings report being highly anticipated [1] Company Earnings - Home Depot reported Q4 earnings of $3.13 per share, exceeding the Zacks consensus of $3.04 and the previous year's $2.82, with revenues of $39.7 billion surpassing expectations by +3.8% [2] - Planet Fitness posted earnings of 70 cents per share, beating the expected 62 cents, and revenues of $340.45 million exceeded the Zacks consensus by +4.24%, significantly higher than the $285 million reported a year ago [3] - Despite strong earnings, Planet Fitness shares fell -1.7% due to tepid earnings guidance [3] Housing Market - The Case Shiller Home Price Index showed an overall growth of +3.9% in December, slightly above the +3.7% growth for 2024 [4] - The 10-city survey recorded a +5.1% increase, while the 20-city index reached +4.5%, both outperforming their respective 2024 projections [4] - New York City home prices increased by +7.7%, with Chicago and Boston following at +6.6% and +6.3%, respectively, indicating a shift in growth trends [5]

Home Depot (HD 3.67%) provided mixed results with its fourth-quarter earnings and forward guidance today, but the stock is in rally mode. The results brought somewhat of a relief rally after shares of the leading home improvement company declined by almost 8% in the past month.Home Depot stock moved higher by 3.5% this morning as of 11:25 a.m. ET. Beyond a bounce off the recent decline, there are good business reasons why investors are seeing the quarterly report as a net positive today.Home Depot navigates ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Home Depot TodayHDHome Depot$396.15 +13.73 (+3.59%) 52-Week Range$323.77▼$439.37Dividend Yield2.27%P/E Ratio26.93Price Target$433.44Add to WatchlistHome Depot’s NYSE: HD Q4 2024 report and guidance for 2025 have plenty to be unhappy about, but the simple truth is that this company turned a corner in 2024. It is on track for its stock to hit new highs that could come before the middle of the year. At face value, current conditions offset the warning housing markets may not improve. Those include a reversion ...

Group 1 - Home Depot Inc reported earnings of $3.02 per share, slightly above the expected $3.01, with revenue at $39.70 billion, exceeding estimates [1] - Despite strong fourth-quarter results, the company issued a weak forecast for 2025 due to higher interest rates and housing prices impacting demand for large remodeling projects [1] - Home Depot's stock increased by 2.9% to $393.33, recovering above breakeven for 2025, and is on track to end a six-day losing streak [2] Group 2 - The stock has seen a 19.3% increase over the last nine months [2] - Options trading volume is significantly high, with 15,000 calls and 11,000 puts traded, indicating strong interest in call options [2] - The put/call open interest ratio ranks in the 4th percentile of annual readings, suggesting a preference for calls [3]

Home Depot reported a robust fourth quarter with significant revenue growth, though macroeconomic pressures remain a concern.Home improvement retail giant Home Depot (HD 2.77%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 25, that exceeded analysts' consensus expectations. Fourth-quarter revenue of $39.7 billion jumped 14.1% from the previous year's quarter, outperforming expectations of $39.2 billion. This increase was supported by an extra operating week in Q4, contributing approxi ...

Group 1 - The Home Depot, Inc. reported its fiscal Q4 results, showing better-than-expected traffic [1] - The results were released before market open on February 25th [1] Group 2 - The company is recognized as a leading home improvement retailer [1]

Home Depot (HD) came out with quarterly earnings of $3.13 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $2.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.96%. A quarter ago, it was expected that this home-improvement retailer would post earnings of $3.64 per share when it actually produced earnings of $3.78, delivering a surprise of 3.85%.Over the last four quarters, the ...

Home Depot beat Wall Street revenue forecasts for the fourth quarter of 2024.The retailer said, however, that customers are still putting off major renovation projects.That's due to higher interest rates in recent years, its CEO and CFO said.Home Depot beat Wall Street estimates in the fourth quarter of 2024, but said that customers were still putting off bigger home improvement projects amid higher interest rates. Revenue climbed 14% compared to the same period in 2023. On a comparable sales basis, a metri ...