Morgan Stanley Reiterates Overweight Rating on Home Depot (HD)
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Home Depot (HD) PT Lowered to $318 at HSBC
May 15, 2024 8:58 AM EDTHSBC analyst Daniela Bretthauer lowered the price target on Home Depot (NYSE: HD) to $318.00 (from $323.00) while maintaining a Reduce rating.
The analyst comments "We retain our Reduce rating and lower our TP to USD318 from USD 323: We fine-tune our EPS... More
KeyBanc comments on Home Depot (HD) earnings
May 14, 2024 8:33 AM EDTKeyBanc comments on Home Depot (NYSE: HD) earnings.
The analyst comments "1Q results were largely in line with expectation. HD reported mixed 1Q results, with EPS above consensus but comps softer than expected, due to a delayed start to spring and continued softness in larger... More
Goldman Sachs Reiterates Buy Rating on Home Depot (HD)
May 14, 2024 8:17 AM EDTGoldman Sachs analyst Kate McShane reiterated a Buy rating and $388.00 price target on Home Depot (NYSE: HD)
The analyst comments "HD reported 1Q24 EPS of $3.63, below the GS estimate of $3.70 but above consensus (Refinitiv) of $3.60. Net sales decreased 2.3% y/y to $36.4bn (vs. GS/consensus of $37.0bn/$36.7bn) as comparable... More
Evercore ISI Reiterates Outperform Rating on Home Depot (HD)
May 14, 2024 8:04 AM EDTEvercore ISI analyst Greg Melich reiterated an Outperform rating and $420.00 price target on Home Depot (NYSE: HD)
The analyst comments "1Q in line and 2024 guidance reaffirmed (excl. SRS acquisition) mean the 9AM call will be key. EPS beat slightly and comps slightly below street expectations. 1Q comps of -2.8% compares to... More
RBC Capital Reiterates Sector Perform Rating on Home Depot (HD)
May 14, 2024 7:52 AM EDTRBC Capital analyst Steven Shemesh reiterated a Sector Perform rating and $377.00 price target on Home Depot (NYSE: HD)
The analyst comments "Bottom line: Comp missed, but was in-line w/ RBCe and where we believe the buyside was positioned. EPS beat by 1%, but... More
Citi Comments on Home Depot (HD) Earnings
May 14, 2024 7:51 AM EDTCiti Comments on Home Depot (NYSE: HD).
The analyst comments "HD reported a mixed 1Q print (i) EPS slightly beat the Street driven by a 9c lower tax rate benefit as EBIT missed, (iii) SSS of -2.8% missed the Street's -2.0% estimate with... More
Home Depot (HD) slightly down as Q1 comparable sales miss the mark
May 14, 2024 6:09 AM EDTHome Depot reported first-quarter comparable sales that missed the average analyst estimate, leading to a 0.7% stock price decline in the Tuesday premarket.
The home improvement retailer posted Q1 earnings per share (EPS) of $3.63, just above the analyst estimate of $3.60. Revenue for the quarter was $36.42 billion, below the consensus projection of $36.66 billion.
Comparable sales... More
Home Depot sales drop more than expected as wary customers delay big projects
May 14, 2024 6:05 AM EDTBy Savyata Mishra
(Reuters) -Home Depot posted a bigger-than-expected drop in quarterly same-store sales on Tuesday as cautious Americans shelled out less for big-ticket items while focusing on small-scale home repair and maintenance tasks.
Customers have slashed discretionary spending and put pricey renovations on hold as they adjust to higher borrowing costs and elevated inflation, leading to a turbulent 2023 for home improvement retailers like Home Depot and Lowe's Cos.
"We continue to see softer engagements... More
Home Depot (HD) Tops Q1 EPS by 3c; reaffirms guidance
May 14, 2024 6:01 AM EDTHome Depot (NYSE: HD) reported Q1 EPS of $3.63, $0.03 better than the analyst estimate of $3.60. Revenue for the quarter came in at $36.42 billion versus the consensus estimate of $36.66 billion.
The company reaffirms its fiscal 2024 guidance, which includes 53 weeks of operating results. In... More
Home Depot (HD) earnings preview
May 13, 2024 3:00 PM EDTHome Depot (NYSE: HD) is set to report its first-quarter 2024 earnings on Tuesday, May 14th, with analysts at Telsey Advisory Group (TAG) offering insights into what investors can anticipate from the retail giant.
TAG's view on Home Depot's performance remains cautious, citing several factors contributing to near-term softness. One key challenge... More
Home Depot (HD) call put ratio 1.1 calls to 1 put into quarter results
May 13, 2024 10:58 AM EDTHome Depot (NYSE: HD) May call option implied volatility is at 50, June is at 23; compared to its 52-week range of 15 to 30 into the expected release of quarter results before the bell on May 14. Call put ratio 1.1 calls to 1 put.
... MoreDow Jones, Nasdaq, S&P 500 weekly preview: CPI report, retail earnings in focus
May 13, 2024 8:07 AM EDTOn Friday, the Dow Jones Industrial Average (DJIA) concluded its eighth straight day of gains, marking its best week in 2024.
The index increased by 125.08 points, or 0.32%, finishing at 39,512.84. Meanwhile, the S&P 500 rose by 0.16% to close at 5,222.68, but the Nasdaq Composite declined marginally by 0.03%, ending the day at 16,340.87.
For the week, the Dow experienced a 2.16% gain, its strongest since December and its fourth consecutive week of gains. Both the S&P 500 and Nasdaq Composite also ended the week positively, recording their third consecutive winning week with rises of 1.85% and 1.14%, respectively.
Despite the gains,... More
Dollar just lower; steadying after key inflation data
May 13, 2024 5:25 AM EDTInvesting.com - The U.S. dollar drifted marginally lower Monday, consolidating after recent swings as the focus turned squarely to upcoming U.S. inflation data for more cues on interest rates.Â
At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded just 0.1% lower to 105.090, after a weekly gain last week after two successive weeks of decline.
Dollar awaits key inflation data
The dollar saw wild swings last week as mixed U.S. economic readings sparked... More
Home Depot (HD) May 347 straddle priced into quarter results
May 13, 2024 5:17 AM EDTHome Depot (NYSE: HD) May 347 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on May 14.
... MoreStocks expected to have increasing option volume: HD PBR BABA SONY ONON BOOT CSCO WMT HE
May 13, 2024 5:08 AM EDTStocks expected to have increasing option volume: HD PBR BABA SONY ONON BOOT CSCO WMT HE
... MoreHome Depot (HD) call put ratio 3 calls to 1 put into quarter results
May 10, 2024 10:38 AM EDTHome Depot (NYSE: HD) May call option implied volatility is at 40, June is at 23; compared to its 52-week range of 15 to 30 into the expected release of quarter results before the bell on May 14. Call put ratio 3 calls to 1 put.
... MoreHome Depot (HD) PT Lowered to $377 at JPMorgan
May 10, 2024 7:09 AM EDTJPMorgan analyst Christopher Horvers lowered the price target on Home Depot (NYSE: HD) to $377.00 (from $397.00) while maintaining a Overweight rating.... More
Home Depot (HD) May 347 straddle priced for into quarter results
May 10, 2024 3:54 AM EDTHome Depot (NYSE: HD) May 347 straddle priced for a move of 4.5% into the expected release of quarter results before the bell on May 14.
... More
