Home Depot, Inc. HD shares are trading higher today. Several analysts cut the price target and lowered the estimates after second quarter FY24 earnings results reported yesterday.Yesterday, Home Depot reported second-quarter sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion and adjusted EPS of $4.67 (-0.2% Y/Y), beating the consensus of $4.50.For FY24, Home Depot raised its sales guidance from $154.20 billion to $156.49 billion – $158.01 bil ...

The Home Depot, Inc. HD reported mixed results for its second quarter on Tuesday.HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50."The underlying long-term fundamentals supporting home improvement demand are strong. During the quarter, higher interest rates and greater macro-economic uncertainty pressured consumer demand more broad ...

As passive income investors, we are always searching for stocks that can generate steady quarterly income for us. The earnings season is an excellent time to rebalance your portfolio and load up on the stocks that can generate promising returns in terms of steady dividends and capital growth. With the ongoing earnings season, investors are eagerly waiting for dividend announcements and I’ve identified three dividend stocks to buy before earnings.These companies have been rewarding shareholders for several y ...

Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images I reiterated my ‘Buy’ thesis for Home Depot (NYSE:HD) (NEOE:HD:CA) in my previous article published in March 2024, anticipating a weak home improvement market for FY24. Home Depot released its Q2 result on August 13th, reporting a 3.3% decline in same store sales growth. I appreciate the company’s efforts to navigate the challenging macro environment and the weak home improvement market. I reiterate a 'Buy' rating with a fair value of $390 ...

The Home Depot Inc. (HD) has reported second-quarter fiscal 2024 results, wherein earnings and sales surpassed the Zacks Consensus Estimate. Meanwhile, the company’s top line showed slight year-over-year improvement in the second quarter of fiscal 2024. However, earnings per share declined year over year.In the quarter, the company continued to experience the adverse impacts of higher interest rates and greater macroeconomic uncertainty, further pressurizing the consumer demand for home improvement projects ...

A sign is seen posted on the exterior of a Home Depot store on February 21, 2023 in El Cerrito, California.Just like Wall Street, Home Depot is closely watching the Federal Reserve's next move.In an interview with CNBC, Chief Financial Officer Richard McPhail said homeowners have postponed moving into new houses or starting major projects that require financing because of higher interest rates. That waiting game has only intensified with a potential interest rate cut in sight."What our customers tell their ...

The Home Depot, Inc. (NYSE:HD) Q2 2024 Results Conference Call August 13, 2024 9:00 AM ET Company Participants Isabel Janci - Vice President of Investor Relations and Treasurer Ted Decker - Chair, President and CEO Ann-Marie Campbell - Senior Executive Vice President Billy Bastek - Executive Vice President, Merchandising Richard McPhail - Executive Vice President and Chief Financial Officer Chip Devine - Senior Vice President-Outside Sales Conference Call Participants Scot Ciccarelli - Truist Seth Sigman - ...

U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Tuesday.The Dow traded up 0.42% to 39,522.57 while the NASDAQ rose 1.68% to 17,063.04. The S&P 500 also rose, gaining, 1.02% to 5,399.03.Leading and Lagging SectorsInformation technology shares climbed by 2.3% on Tuesday.In trading on Tuesday, energy shares fell 1.2%.Top HeadlineThe Home Depot, Inc. HD reported mixed results for its second quarter on Tuesday.HD reported second-quarter 2024 sales growth of 0.6% year-over- ...

Home Depot currently gets around half of its sales from professional builders and contractors.According to the company’s executives on Tuesday’s (Aug. 13) second-quarter 2024 earnings call, the world’s largest home improvement retailer will need to continue to win over a greater share of this valuable B2B segment, because regulator customers are continuing to spend less on home improvement projects, pressured by higher interest rates and concerns that the economy is getting worse.“During the quarter, higher ...

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, ...