Key PointsHome Depot had a sluggish quarter and gave weak guidance, setting it up for a correction. A move below critical support targets would put the stock back within a trading range that has dominated conditions for two years. Capital returns are reliable. The dividend increased, but share repurchases may slow in 2024. 5 stocks we like better than Home DepotInvestors hoping to see Home Depot’s NYSE: HD stock price move higher in 2024 may have to wait until later for it to happen. As bullish as the recen ...

The Home Depot (HD 0.06%) hit an intraday and all-time high on Feb. 12 before pulling back with the rest of the market after a hotter-than-expected inflation print the following day.Home Depot is one of the most well-known brands in home improvement. It's also an incredibly valuable dividend stock, with a market cap of $355.9 billion. -- making it the third-highest weighted component of the consumer discretionary sector.Let's find out why such a well-known, massive company is still underrated after hitting ...

Home Depot Inc. (HD) has reported solid fourth-quarter fiscal 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Meanwhile, the company’s sales and earnings per share declined year over year in the fourth quarter and fiscal 2023.HD noted that fiscal 2023 was a year of moderation. Nonetheless, the company is confident about its initiatives to strengthen the business. It has been on track with its investments to craft the best interconnected experience for customers, improv ...

The Home Depot, Inc. (NYSE:HD) Q4 2023 Results Conference Call February 20, 2024 9:00 AM ET Company Participants Isabel Janci - VP, IR & Treasurer Edward Decker - Chair, President and CEO Ann-Marie Campbell - Senior Executive Vice President William Bastek - Executive Vice President of Merchandising Richard McPhail - Executive VP & CFO Chip Devine - SVP, Outside Sales Conference Call Participants Simeon Gutman - Morgan Stanley. Zachary Fadem - Wells Fargo Christopher Horvers - JPMorgan Chase & Co Scot Ciccar ...

Key TakeawaysHome Depot reported fiscal 2023 fourth-quarter revenue and profit that exceeded analysts' expectations, but sales guidance that disappointed investors.The home improvement retailer projects comparable sales to decline about 1% in fiscal 2024 as customers defer large projects and big-ticket purchases in an environment of still-high interest rates.Home Depot said that while the home improvement market still faces headwinds, the pressure on sales won't be as significant as it was in 2023. Home Dep ...

Home Depot (HD) reported $34.79 billion in revenue for the quarter ended January 2024, representing a year-over-year decline of 2.9%. EPS of $2.82 for the same period compares to $3.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $34.55 billion, representing a surprise of +0.68%. The company delivered an EPS surprise of +1.81%, with the consensus EPS estimate being $2.77.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

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 ...

The retail sector is in focus with the earnings releases of big retailers coming up. Big-box retailers like Wal-Mart (WMT) , Home Depot (HD) , Lowe’s (LOW) and Target (TGT) , as well as store channels like Nordstrom (JWN) and Kohls (KSS) are expected to report this week and in the coming weeks.On the S&P 500 Index, 17 out of 33 retailers have already reported. Earnings of these companies are up 72.4% from the same period last year on 10.7% higher revenues, with 88.2% beating EPS estimates and 58.8% beating ...

Home Depot (HD) came out with quarterly earnings of $2.82 per share, beating the Zacks Consensus Estimate of $2.77 per share. This compares to earnings of $3.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.81%. A quarter ago, it was expected that this home-improvement retailer would post earnings of $3.76 per share when it actually produced earnings of $3.81, delivering a surprise of 1.33%.Over the last four quarters, the ...

Shares of Home Depot Inc. HD, +0.35% shed 1.8% in premarket Tuesday, after the home improvement retail giant reported fiscal fourth-quarter same-U.S. store sales that missed expectations and provided a downbeat full-year outlook, but raised its dividend by 7.7%. Net income for the quarter to Jan. 28 fell to $2.8 billion, or $2.82 a share, from $3.36 billion, or $3.30 a share, in the year-ago period, to beat the FactSet consensus of $2.77. Sales fell 2.9% to $34.79 billion, above the FactSet consensus of $3 ...