Workflow
Home Depot(HD)
icon
Search documents
美股三大指数基本收平,投资者静待零售业财报和杰克逊霍尔年会
Feng Huang Wang· 2025-08-18 22:16
截至收盘,道指跌34.30点,跌幅为0.08%,报44911.82点;纳指涨6.80点,涨幅为0.03%,报21629.77 点;标普500指数跌0.65点,跌幅为0.01%,报6449.15点。 Argent Capital投资组合经理Jed Ellerbroek表示:"今天市场相对平静,投资者正在为接下来的事件做准 备。最关键的催化剂是鲍威尔讲话,我们预期他将更新对当前'高通胀+失业率抬升'组合形势的解读。" 上周五数据显示,美国零售销售如预期般整体增长,但消费者信心因通胀担忧加剧而受挫。周一全美住 宅建筑商协会(NAHB)住房市场指数跌至2022年12月以来最低水平。 目前投资者仍预计美联储9月降息25个基点,但对年内再度降息的预期已有所降温。最新数据表明,虽 然美国加征关税尚未全面传导至消费端物价,但就业市场疲软或促使央行立场更加鸽派。 摩根士丹利旗下E*Trade分析师Chris Larkin指出:"市场押注劳动力市场疲软信号将在美联储降息辩论中 压倒通胀风险。本周零售财报虽引人瞩目,但FOMC纪要及鲍威尔在杰克逊霍尔的讲话才是判断央行倾 向的关键。" 市场动态 美东时间周一,美股三大指数收盘几乎持 ...
We are turning the corner in home improvement retail this quarter, says Neuberger Berman's San Marco
CNBC Television· 2025-08-18 21:14
Home Improvement Retail - Home improvement sector is expected to turn the corner and start to see positive growth, marking a shift from "bad to less bad" [3] - The surge in rates three years prior is a key factor, as new homeowners typically spend heavily on their homes during this period [4] - Home Depot has strategically built capabilities to better serve professional customers, leading to larger and more planned purchases [6] - Home Depot's advantages have been obscured by the current lukewarm cycle for home improvement [7] Big Box Retail - The general merchandise retail environment has been unusually benign, with limited competition [8] - The impact of tariffs on big box retailers in Q2 is expected to be minimal due to resilient consumer spending [9] - Target faces execution issues and a higher skew towards discretionary items, potentially leading to tougher times [10] Walmart & Grocery - Walmart possesses significant momentum and heft, enabling it to showcase its strengths in Q2 [12] - Amazon's increased investment in grocery and rural areas poses a direct challenge to Walmart [13] - There is a risk of declining economics in the battle for everyday wallet share and customer frequency [14]
Big Retail Earnings Charts: WMT, HD, TGT, LOW and EL.
Earnings Season Overview - The second quarter earnings season has been successful with more beats and raises than misses, particularly led by the Mag 7 stocks [1] - Nvidia's upcoming report is highly anticipated [1] Retail Sector Focus - This week's focus is on major retailers to assess price increases, inflation, tariff impacts, and consumer behavior [2][3] - Key retailers to watch include Walmart (WMT) and Target (TGT), along with home improvement retailers like Home Depot (HD) and Lowe's (LOW) [3] Home Improvement Retailers (Home Depot & Lowe's) - Home Depot (HD) has a strong earnings surprise track record with only one miss in the last five years [4] - Home Depot's earnings have declined in the last couple of years due to housing market conditions and tariffs, with a projected earnings decline of 1.4% to 4%, but a rebound is expected next year [5][6] - Lowe's (LOW) also has a great earnings surprise track record with earnings expected to decline but then recover, projecting a 2.4% to 4% gain this year and another in 2027 [7][8] - Both Home Depot and Lowe's shares haven't significantly declined as a turnaround is expected and priced in [9] General Retailers (Walmart & Target) - Walmart (WMT) has been performing strongly, with shares attempting to break out, and earnings looking better than Home Depot and Lowe's [9][10] - Walmart's valuation is at 38 times earnings, with a strong earnings surprise track record [10] - Target (TGT) is struggling with declining earnings, trading near 5-year lows, and a 15.6% decline expected for this year [12][13] - Both Walmart and Target are being watched for pricing strategies and consumer buying behavior, considering factors like back-to-school shopping and groceries [11][12][14] Specialty Retailer (Estee Lauder) - Estee Lauder (EL) has a strong earnings track record with mostly beats, but earnings have declined, especially due to the struggling Chinese consumer [15] - Estee Lauder's earnings are expected to improve in the next couple of years, but a 42% decline is expected this year [16] - Estee Lauder's forward PE is not cheap at 42 times, even with the share price decline [16] - Tariffs are impacting beauty products, with E.L.F beauty raising prices, and Estee Lauder's response is being monitored [18]
How different accounting methods could impact how tariffs show up in retail earnings
CNBC Television· 2025-08-18 19:26
Retail Earnings & Tariffs Impact - Retail sector is facing a significant week with earnings reports from Home Depot, Target, Lowe's, and Walmart [1] - Potential impact of tariffs on the financial results of these retailers is a key concern [1] - Three out of the four retailers mentioned use accounting methods that could reveal the impact of tariffs [2] Companies to Watch - Home Depot's results will be released tomorrow [1] - Target and Lowe's will report on Wednesday [1] - Walmart's earnings are scheduled for Thursday [1]
Evercore ISI's Greg Melich: Here's why Walmart and Home Depot are top names in our portfolio
CNBC Television· 2025-08-18 15:57
Retail Industry Overview - This week's earnings reports from Home Depot, Lowe's, Walmart, and Target are dominating the retail narrative [1] - The retail sector, valued at $5 trillion, requires segmented analysis across different categories like home improvement ($500 billion), grocery ($1 trillion), and auto parts ($150 billion) [16] - The ability of different consumer retail segments to manage tariff pressures will be a key learning point this week [16] Target Analysis - Evercore downgraded Target to sell on Friday but added a tactical outperform rating, anticipating a potential stock increase this week [2] - Target's stock has significantly underperformed this year, declining over 20% [2] - Despite sales potentially running negative by 2-3% in the quarter and into the summer, a further guidance reduction is deemed unlikely [2] Walmart Analysis - Walmart is favored, included in the top five portfolio alongside Home Depot [5] - Walmart is expected to report a strong second quarter but remain conservative in its full-year guidance [6] - Walmart's growth is driven by increased traffic and a new middle to higher-income consumer base, with Walmart Plus memberships reaching 18 million households, 75% of the year-over-year growth coming from higher-income households [6] Home Improvement Sector - Home Depot and Sherwin-Williams are favored within the home improvement sector due to their pricing power and ability to pass through costs on need-based products [17] - Home Depot's significant exposure to Pro (over half of sales) is a key differentiator compared to Lowe's (under 30%) [10] - Modest improvement to slight growth is expected in home improvement after a 2.5-3 year downturn [11] Economic Factors - Wage inflation in retail has decreased to 3-4%, and is not expected to decelerate significantly [8] - Retailers are reportedly still able to attract and retain necessary personnel [9] - Home improvement demand is predicted by an indicator at just positive 1%, with 30-year mortgage rates being more influential than HELOC rates [13]
Can Home Depot's SRS Distribution Boost Pro Sales Momentum in Q2?
ZACKS· 2025-08-18 13:30
Core Insights - Home Depot's acquisition of SRS Distribution in 2024 enhances its relationship with professional contractors and expands its product offerings in roofing, landscaping, and pool supplies [1][6] - SRS's planned acquisition of GMS Inc. will further diversify its product range to include drywall, ceilings, and steel framing, thereby broadening its distribution network across North America [2][6] - The integration of SRS and GMS, with over 1,200 locations and more than 8,000 trucks, improves fulfillment and service reliability for professional contractors [3][6] Financial Performance - The Zacks Consensus Estimate for Home Depot's second-quarter sales indicates a year-over-year growth of 5.4%, while earnings per share are expected to see a marginal increase of 0.9% [5] - Current quarter sales are estimated at $45.51 billion, with a year-over-year growth estimate of 5.4% [7] - The earnings per share for the current quarter is projected at 4.71, reflecting a year-over-year growth estimate of 0.86% [8] Market Position - Home Depot shares have increased by 10% over the past year, outperforming the industry growth of 6.6% and key competitors like Lowe's and Floor & Decor [8] - The company trades at a forward price-to-sales ratio of 2.36, which is higher than the industry average of 1.67, indicating a premium valuation compared to peers [9]
美股二季报收官,投资者紧盯零售业
Guo Ji Jin Rong Bao· 2025-08-18 13:16
美股今年二季度的财报已近尾声。 据悉,标普500指数成分股公司的营收、利润以超出预期为主。据慧甚(FactSet)最新数据,这些公司二 季度利润较上年同期增长12%左右,远高于分析师在7月初预测的5%的增幅。 本周零售业财报还将陆续公布,受到投资者关注。 高风险牛市 本季度美股财报整体延续了上季度的态势,表现较为出色。 在上一季度接近尾声时,市场预计标普500指数成分股公司第一季度利润同比增长约13%,盈利增长约 7%。进入二季度,随着特朗普关税政策的变动、债券市场紧张和通胀预期升高,市场不确定性逐渐升 温。不过,稳健的财报帮助股市挽回了春季动荡造成的损失。FactSet预计,标普500指数成分股公司二 季度利润将同比增长12%左右,远高于分析师在7月初预测的5%的增幅。 一系列利好消息助长了投资者信心:标普500指数已较4月份的低点攀升29%,今年以来的累计涨幅达到 9.7%。 投顾平台圣所财富(Sanctuary Wealth)首席投资策略师玛丽.安.巴特尔斯(Mary Ann Bartels)评价,"人们原 以为美国经济会放缓,就业会减速,这会对盈利产生负面影响。但这种情况并没有发生。" 但并非所有领域 ...
How To Earn $500 A Month From Home Depot Stock Ahead Of Q2 Earnings
Benzinga· 2025-08-18 12:19
Core Insights - Home Depot is set to release its second-quarter earnings on August 19, with analysts expecting earnings of $4.69 per share, an increase from $4.60 in the same period last year, and projected revenue of $45.31 billion, up from $43.17 billion year-over-year [1] Group 1: Earnings Expectations - Analysts anticipate Home Depot's quarterly earnings to be $4.69 per share, compared to $4.60 per share in the previous year [1] - The company is projected to report quarterly revenue of $45.31 billion, an increase from $43.17 billion in the same quarter last year [1] Group 2: Dividend Insights - Home Depot currently offers an annual dividend yield of 2.30%, translating to a quarterly dividend of $2.30 per share, or $9.20 annually [2] - To achieve a monthly income of $500 from dividends, an investment of approximately $260,396 or around 652 shares is required, while a more modest goal of $100 per month would need about $51,919 or 130 shares [2] Group 3: Stock Price and Dividend Yield - The dividend yield can fluctuate based on changes in both the dividend payment and the stock price [3][5] - For instance, if a stock's price increases, the dividend yield decreases, and vice versa [4] Group 4: Analyst Ratings - Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Home Depot and raised the price target from $417 to $433 [6] - Telsey Advisory Group analyst Joseph Feldman has also maintained an Outperform rating with a price target of $455 [6] Group 5: Recent Stock Performance - Home Depot's shares fell by 0.2%, closing at $399.38 on the last trading day [5]
Previous Earnings Reports Hurt Home Depot Stock—Will This One?
Forbes· 2025-08-18 10:25
Group 1 - Home Depot is expected to announce its fiscal second-quarter earnings on August 19, 2025, with analysts predicting earnings of $4.70 per share and revenue of $45.37 billion, reflecting a 2% increase in earnings and a 5% rise in sales year-over-year [3] - The company has a current market capitalization of $400 billion, with revenue over the past twelve months at $163 billion, operating profits of $22 billion, and net income of $15 billion [3] - Historical data indicates that Home Depot stock has dropped 55% of the time after earnings announcements, with a median one-day decline of 2.2% and a maximum observed decrease of 9% [3] Group 2 - In the past five years, there have been 20 earnings data points for Home Depot, with 9 positive and 11 negative one-day returns, resulting in positive returns approximately 45% of the time [5] - The percentage of positive one-day returns increases to 58% when considering data from the last three years [5] - The median of the 9 positive returns is 1.7%, while the median of the 11 negative returns is -2.2% [5] Group 3 - The company is focused on maintaining prices despite tariff pressures, leveraging its scale, supplier relationships, and diversified supply chain to absorb costs and potentially capture market share as competitors raise prices [3] - In Q1, Home Depot experienced strong demand for smaller projects and seasonal activities, although high interest rates have deterred consumers from larger renovation projects [3]
家得宝(HD.US)Q2营收利润料双增,聚焦“一个家得宝”战略与Pro业务
Zhi Tong Cai Jing· 2025-08-18 06:41
Core Viewpoint - Home Depot is expected to report revenue and profit growth for Q2 of FY2025, with projected revenue of $45.5 billion, a 5.4% year-over-year increase, and an EPS of $4.71, reflecting a 0.9% increase compared to the same period last year [1] Group 1: Financial Performance Expectations - The consensus forecast for Q2 indicates a same-store sales growth of 5.2%, with customer transactions increasing by 3.2% and average ticket price rising by 1.9% [2] - The company anticipates a revenue growth of 2.2% for Q2, but operating margin is expected to decline by 40 basis points due to macroeconomic pressures [3] Group 2: Strategic Initiatives - Home Depot's "One Home Depot" strategy focuses on supply chain expansion, technology investment, and digital upgrades, which are expected to support revenue recovery [2] - The acquisition of SRS Distribution is expected to enhance the professional customer ecosystem, further solidifying market position [2] Group 3: Market Position and Competitive Landscape - Home Depot's stock has increased by 13.1% over the past year, although it has underperformed compared to the S&P 500 index and the retail wholesale sector [3] - The company currently has a 12-month P/E ratio of 25.81, which is above the industry average and may indicate valuation premium risks [6] Group 4: Long-term Growth Prospects - Despite short-term challenges such as weak demand for high-priced items and macroeconomic headwinds, Home Depot's long-term growth outlook remains attractive due to its strong market position and strategic initiatives [8] - The company's digital transformation and Pro ecosystem expansion are key drivers of its investment value [9]