Home Depot Inc. (HD)
Home Depot Earnings: Good or Bad?
Earnings season continues to wind down, with the bulk of S&P 500 companies already revealing quarterly results. And recently, we heard from home improvement retailer Home Depot HD, posted results that caused bullish activity.
Cramer explains what Home Depot's quarter says about the housing market
CNBC's Jim Cramer on Wednesday examined Home Depot's earnings report, saying the retailer's insights make him think interest rate cuts from the Federal Reserve could stop the housing market from a hard landing. "Right now, housing's waiting for the cavalry to come to the rescue, by which I mean it's waiting for the Fed to cut rates," he said.
Should Investors Buy Home Depot's Stock After Exceeding Q2 Expectations?
Home Depot's (HD) stock is up +3% since beating its Q2 top and bottom line expectations on Tuesday despite the company stating higher interest rates and macroeconomic uncertainty pressured consumer demand.
Home Depot's Price Forecasts For 2024 Lowered By Analysts Amid Modest Sales Growth, Cite Weaker Consumer Outlook
Home Depot, Inc. HD shares are trading higher today. Several analysts cut the price target and lowered the estimates after second quarter FY24 earnings results reported yesterday.
Home Depot Analysts Cut Their Forecasts Following Q2 Results
The Home Depot, Inc. HD reported mixed results for its second quarter on Tuesday.
3 Dividend Stocks to Buy BEFORE They Announce Earnings Results
As passive income investors, we are always searching for stocks that can generate steady quarterly income for us. The earnings season is an excellent time to rebalance your portfolio and load up on the stocks that can generate promising returns in terms of steady dividends and capital growth.
Home Depot Q2: Efforts To Navigate Weak Demand Environment
Home Depot reported a 3.3% decline in same-store sales growth in Q2 due to weak demand and high interest rates. The company is navigating the challenging macro environment by expanding online services, focusing on PRO customers, and acquiring SRS Distribution. Despite the weak outlook for FY24, Home Depot is expected to recover as interest rates decline, with a fair value of $390 per share.
Home Depot stock: Why analysts are bullish despite Q2 guidance and what's next for investors
Home Depot Inc (NYSE: HD) has recently reported its Q2 earnings, and while its guidance may appear cautious, it is consistent with market expectations. Michael Baker, a senior retail analyst at D.A.
Home Depot (HD) Q2 Earnings & Sales Beat, Soft View Hurts Stock
Home Depot's (HD) Q2 results reflect the impacts of higher interest rates and greater macroeconomic uncertainty, which hurt the demand for home improvement projects.
Home Depot may need an interest rate cut to boost its sales
On a call with CNBC, Home Depot CFO Richard McPhail said consumers are waiting for a Federal Reserve interest rate cut and expect one to come soon. The home improvement retailer has been hurt by higher interest rates, which have slowed housing turnover and demand for bigger projects.
The Home Depot, Inc. (HD) Q2 2024 Earnings Call Transcript
The Home Depot, Inc. (NYSE:HD ) Q2 2024 Results Conference Call August 13, 2024 9:00 AM ET Company Participants Isabel Janci - Vice President of Investor Relations and Treasurer Ted Decker - Chair, President and CEO Ann-Marie Campbell - Senior Executive Vice President Billy Bastek - Executive Vice President, Merchandising Richard McPhail - Executive Vice President and Chief Financial Officer Chip Devine - Senior Vice President-Outside Sales Conference Call Participants Scot Ciccarelli - Truist Seth Sigman - Barclays Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chuck Grom - Gordon Haskett Brian Nagel - Oppenheimer Zach Fadem - Wells Fargo Steven Forbes - Guggenheim Operator Greetings, and welcome to The Home Depot Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
S&P 500 Gains 1%; Home Depot Earnings Top Views
U.S. stocks traded higher midway through trading, with the S&P 500 gaining around 1% on Tuesday.
