Group 1 - Home Depot's third-quarter revenue reached $40.22 billion, exceeding analysts' expectations of $39.25 billion and up from $37.71 billion a year ago [1] - Net income for the quarter was $3.65 billion, surpassing the consensus expectation of $3.58 billion but lower than last year's $3.81 billion [1] - The company raised its fiscal 2024 revenue growth projection to approximately 4% year-over-year, an increase from the previous estimate of 2.5% to 3.5% [2] Group 2 - Home Depot adjusted its comparable store sales forecast, now expecting a decline of 2.5% from last year instead of the previously anticipated 3% to 4% decline [2] - The company's shares rose by 1.6% to $415 following the release of the results, building on a 17% increase since the beginning of the year [2] Group 3 - CEO Ted Decker noted that while macroeconomic uncertainty persists, the third-quarter performance exceeded expectations, driven by better engagement in seasonal goods and hurricane-related sales [3] - The impact of the Federal Reserve's interest-rate cut was not specifically addressed in the earnings release, but high interest rates and inflation have led to a decline in "big ticket" purchases [3] Group 4 - Analysts from JPMorgan highlighted the importance of monitoring mortgage rates, suggesting that if rates decrease and housing becomes more affordable, it could positively impact sales for Home Depot and Lowe's [4]

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 ...

Core Viewpoint - Home Depot is expected to report quarterly earnings with earnings per share projected at $3.64 and revenue at $39.32 billion, amidst a sales slump due to higher mortgage and interest rates affecting homeowners' project decisions [1] Group 1: Earnings Expectations - Earnings per share is anticipated to be $3.64 [1] - Revenue is projected to reach $39.32 billion [1] Group 2: Market Context - Home Depot is experiencing a sales slump as higher mortgage and interest rates have led homeowners to delay major projects [1] - The company's stock has increased nearly 18% this year, in contrast to the S&P 500's nearly 26% gains [1]

| --- | |-----------------------------------------------------------------------------------------------------------------------------| | 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 ...

Home Depot (HD) is on track to kick off the Q3 earnings season for the conventional brick-and-mortar retailers this week, with the company on deck to report results before the market’s open on Tuesday, November 12th. Lowe’s (LOW) comes out a week later on Tuesday, November 19th.Lowe’s shares have outperformed Home Depot this year (+21.6% vs. +16.8%), though both have lagged the Zacks Construction sector (+26.4%) as well as the S&P 500 index (+25.7%), as the chart below shows.Image Source: Zacks Investment R ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Home Depot (HD) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Home Depot currently has an avera ...