HD's Q4 results reflect strong home improvement spending despite pressure on large remodels. HD is confident about its initiatives to strengthen the business.
The last five days of trading on the major indexes overall look like stair steps heading down to the basement. It's been a quite orderly pullback from all-time highs we saw in the early weeks of the year so far.
Home Depot (HD 3.50%) provided mixed results with its fourth-quarter earnings and forward guidance today, but the stock is in rally mode. The results brought somewhat of a relief rally after shares of the leading home improvement company declined by almost 8% in the past month.
Home Depot Inc (NYSE:HD, ETR:HDI) shares moved higher as the home improvement retailer's fourth quarter earnings beat estimates. For the quarter, earnings per share (EPS) of $3.02 narrowly beat Wall Street estimates of $3.01.
Home Depot's NYSE: HD Q4 2024 report and guidance for 2025 have plenty to be unhappy about, but the simple truth is that this company turned a corner in 2024. It is on track for its stock to hit new highs that could come before the middle of the year.
Although the revenue and EPS for Home Depot (HD) give a sense of how its business performed in the quarter ended January 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Home Depot Inc (NYSE:HD) surpassed Wall Street's fourth-quarter estimates, reporting earnings of $3.02 per share -- slightly above the expected $3.01 -- while revenue came in at a higher-than-anticipated $39.70 billion.
Home improvement retail giant Home Depot (HD -0.75%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 25, that exceeded analysts' consensus expectations. Fourth-quarter revenue of $39.7 billion jumped 14.1% from the previous year's quarter, outperforming expectations of $39.2 billion.
The Home Depot, Inc.'s Q4 financials exceeded Wall Street's expectations as the company returned to positive comparable sales growth. Profitability was also quite good due to improved traffic. The FY2025 outlook remains subdued regardless. The housing market's outlook is uncertain due to turbulent mortgage rates, and consumer confidence has fallen in early 2025. HD's stock is valued too high especially considering the cloudy short- to mid-term outlook. I estimate -25% downside to a fair value of $285.
Shares of Home Depot (HD) were choppy after reporting better than expected earnings. Jenny Horne dives into the numbers, which revealed a top and bottom line beat.
Home Depot (HD) came out with quarterly earnings of $3.13 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $2.82 per share a year ago.
Home Depot beat Wall Street revenue forecasts for the fourth quarter of 2024. The retailer said, however, that customers are still putting off major renovation projects.