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.
On Tuesday, Home Depot Inc HD stock is trading higher in a volatile session after the home improvement retailer reported its fourth-quarter 2024 results and provided its 2025 outlook.
An uncertain macroeconomic environment and high interest rates weigh on the company's guidance.
CNBC's Becky Quick reports on the company's quarterly earnings results.
Home Depot (HD) on Tuesday fourth-quarter results that topped analysts' estimates, but the home-improvement giant's outlook was weaker than expected.
Home Depot forecast annual same-store sales growth below analysts' estimates on Tuesday, as the top U.S. home improvement chain contends with a slowdown in spending on big-ticket projects amid a weak housing market and higher borrowing costs.
Home Depot will report earnings before the bell on Tuesday. Investors expect the company to report earnings per share of $3.01 and revenue of $39.16 billion.