Home Depot currently gets around half of its sales from professional builders and contractors. According to the company's executives on Tuesday's (Aug.
Beaten down by high interest rates, home-improvement demand has been sluggish for some time. But investors in Home Depot HD 1.06%increase; green up pointing triangle are playing the long game.
Home Depot Inc (NYSE:HD, ETR:HDI) saw weaker consumer spending on home improvement during the second quarter but still managed to deliver sales and profits above Wall Street estimates. Sales for Q2 were $43.2 billion, up 0.6% from the year-ago quarter and ahead of estimates of $42.6 billion.
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HD stock Q2 results beat estimates, but the weak retail environment and margin pressure are concerning. The company lowered its guidance on gross and operating margins. I expect the margin to keep being squeezed from both ends with higher operating expenses and weakened demand in the next 1~2 years.
Home Depot (NYSE: HD ) stock is a little volatile but mostly flat this morning after the company reported stronger-than-expected second-quarter financial results but reduced its full-year sales and profit guidance. The retailer noted that its performance was negatively impacted by “higher interest rates and greater macroeconomic uncertainty.
While the top- and bottom-line numbers for Home Depot (HD) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Home Depot NYSE: HD is a high-quality business in no danger of failure, but its stock price will likely head lower now that the Q2 results and guidance are in. The guidance was improved, but factors including acquisitions, organic declines, and cautionary statements raise serious doubts about the results for the next two to four quarters.
Home Depot, the largest home improvement retailer in the US, reported better-than-expected earnings for the second quarter of 2023, showcasing resilience in a challenging economic environment.
A recent survey of 2,000 Americans found that three in five believe the US is currently in a recession despite the fact that government data show the economy is growing.
Home Depot (HD) shares fell despite an earnings beat Tuesday as the retailer projected a larger fiscal 2024 comparable store sales decrease than it had previously.
Home Depot (HD) came out with quarterly earnings of $4.67 per share, beating the Zacks Consensus Estimate of $4.54 per share. This compares to earnings of $4.65 per share a year ago.