Home Depot NYSE: HD is moving higher on the combined forces of outperformance and an expectation for tailwinds to develop in 2025. Better-than-expected consumer trends, acquisitions, and the pro-business drive outperformance in 2024, leading the company to improve guidance against a backdrop of negative sentiment. Tailwinds will form in 2025 as policy headwinds ease and Trump’s business and consumer-friendly policies spur activity, specifically in the housing market.  Home Depot TodayHDHome Depot$408.88 +0 ...

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Group 1 - Home Depot reported quarterly earnings of $3.78 per share, exceeding the Zacks Consensus Estimate of $3.64 per share, but down from $3.81 per share a year ago, representing an earnings surprise of 3.85% [1] - The company achieved revenues of $40.22 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 2.17% and increasing from $37.71 billion year-over-year [2] - Home Depot has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] Group 2 - The stock has gained approximately 17.8% since the beginning of the year, while the S&P 500 has increased by 25.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The trend of estimate revisions for Home Depot is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - The current consensus EPS estimate for the upcoming quarter is $2.99 on revenues of $38.72 billion, and for the current fiscal year, it is $14.99 on revenues of $157.67 billion [7] - The Building Products - Retail industry, to which Home Depot belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a positive outlook for the sector [8] Group 4 - Lowe's, another company in the same industry, is expected to report quarterly earnings of $2.80 per share, reflecting a year-over-year decline of 8.5%, with revenues anticipated to be $19.92 billion, down 2.7% from the previous year [9]

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 ...