Home Depot's fourth-quarter performance was muted by ongoing caution from American consumers in a weak housing market, but the home improvement retailer topped Wall Street expectations.The Atlanta company earned $2.57 billion, or $2.58 per share, for the three months ended Feb. 1. Stripping out one-time charges or benefits, earnings were $2.72 per share, topping analyst projections for per-share earnings of $2.53, according to FactSet.A year earlier it earned $3 billion, or $3.02 per share.An extra week in fiscal 2024 added approximately 30 cents per share to the year-ago quarter.Home Depot's stock rose more than 3% before the market opened on Tuesday.Revenue totaled $38.2 billion, down from $39.7 billion a year earlier.
The home improvement giant beat muted expectations despite a weak housing market and nervous American consumers, and offered a measured but positive outlook for the year ahead Home Depot Inc (NYSE:HD, XETRA:HDI) shares climbed 2.3% in pre-market trading Tuesday after the retailer posted fourth-quarter results that edged past analyst forecasts, offering some reassurance that the business remains stable even as its core customers pull back on spending. The Atlanta company reported adjusted earnings of $2.72 per share for the three months to February 1, ahead of the $2.53 Wall Street had pencilled in.
Home Depot's stock was set to surge after quarterly comparable sales snapped a streak of misses, and profit beat by the widest margin in years.
Home Depot reported lower fourth-quarter profit as economic uncertainty, high interest rates and a stagnant housing market continue to weigh on home improvement activity.
Home Depot sales fell, but it topped Wall Street's earnings and revenue expectations for the fourth quarter. The company is dealing with slow housing turnover and high interest rates that have stalled major home projects.
Initiatives like an expanded supply chain and digital tools are driving customer loyalty.
HD rolls out AI blueprint takeoffs to speed Pro project planning, boosting its accuracy, loyalty and edge in the pro market.
The hardware and home-furnishings rivals will both report quarterly results this week.
Home Depot and Lowe's are set to report earnings this week, with traders anticipating sizable swings in the home improvement retailers' stocks following the results.
The Home Depot, Inc. is set to release its Q4 results on February 24. Shares in the home improvement retailer have held up well despite soft conditions in the housing market. The outlook for the housing market through 2026 will likely be a key focus issue discussed by the management team.
HD's expanding Pro ecosystem, AI project tools and specialty distribution push aim to outpace LOW as both face soft demand and cautious homeowners.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Home Depot (HD), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended January 2026.