Is your refrigerator running?Rather than going to catch it, as the old prank phone call goes, Home Depot told investors during its first-quarter 2024 earnings call Tuesday (May 14) that many of today’s consumers are sitting out on major home projects as a result of high interest rates and macro pressures.“Goods are underperforming services,” Home Depot Chair, President and CEO Ted Decker told investors.That’s why the world’s largest home improvement retailer is determined to focus more on building its busin ...

Home Depot (HD) reported $36.42 billion in revenue for the quarter ended April 2024, representing a year-over-year decline of 2.3%. EPS of $3.63 for the same period compares to $3.82 a year ago.The reported revenue represents a surprise of -0.64% over the Zacks Consensus Estimate of $36.65 billion. With the consensus EPS estimate being $3.61, the EPS surprise was +0.55%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Key PointsHome Depot provided a better-than-feared Q1 report but gave no reason for the market to rally. Growth will be hard to achieve this year, but cash flow and capital return will remain solid. Analysts capped the upside ahead of the release and may lower their price targets now. 5 stocks we like better than Home DepotHome Depot NYSE: HD issued a mixed Q1 report offering little reason to buy or sell the stock. On the one hand, weaker-than-expected revenue and tepid guidance suggest growth will be hard ...

Home Depot (HD) came out with quarterly earnings of $3.63 per share, beating the Zacks Consensus Estimate of $3.61 per share. This compares to earnings of $3.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.55%. A quarter ago, it was expected that this home-improvement retailer would post earnings of $2.77 per share when it actually produced earnings of $2.82, delivering a surprise of 1.81%.Over the last four quarters, the ...

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Exhibit 99.1 The Home Depot Announces First Quarter Fiscal 2024 Results; Reaffirms Fiscal 2024 Guidance ATLANTA, May 14, 2024 -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $36.4 billion for the first quarter of fiscal 2024, a decrease of 2.3% from the first quarter of fiscal 2023. Comparable sales for the first quarter of fiscal 2024 decreased 2.8%, and comparable sales in the U.S. decreased 3.2%. Net earnings for the first quarter of fiscal 2024 were $3.6 billio ...

ATLANTA, May 14, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $36.4 billion for the first quarter of fiscal 2024, a decrease of 2.3% from the first quarter of fiscal 2023. Comparable sales for the first quarter of fiscal 2024 decreased 2.8%, and comparable sales in the U.S. decreased 3.2%.  Net earnings for the first quarter of fiscal 2024 were $3.6 billion, or $3.63 per diluted share, compared with net earnings of $3.9 billion, or $3.82 per di ...

The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020.Home Depot will report its latest earnings results Tuesday as the retailer pushes to draw more sales from home professionals such as roofers and landscapers.Here's what Wall Street is expecting for the fiscal first quarter, based on a survey of analysts by LSEG:Earnings per share: $3.60 expectedRevenue: $36.66 billion expectedHome Depot is contending with a tougher housing backdrop, which has dampened demand ...

Monday, May 13th, 2024The Dow finally broke its 8-day winning streak today. In truth, this run didn’t seem so much like a breakaway to a higher orbit and more of a re-establishing levels given up during a dip mid-April. The blue-chip index dropped -81 points today, -0.21%, whereas the S&P 500 was virtually breakeven today: -0.024%. The Nasdaq gained +0.30% for the session and the small-cap Russell 2000 grew +0.16%.Since roughly Election Day 2020, all major indices are up nicely. This, of course, encompasses ...

Meet a cyclical company that has turned itself into a reliable dividend stock.Home Depot (HD -1.50%) is a top blue-chip dividend stock and a well-known home improvement leader. But the stock has cooled off.As of late April, Home Depot stock was down over 20% from its peak. The stock is flat year to date compared to gains in the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average (Home Depot is one of 30 Dow components).Let's dive into Home Depot's challenges, what to look for when it reports earning ...